Latest News

CalSTRS reports 13.4% return for fiscal year, topping its benchmark

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CalSTRS announced preliminary investment returns of 13.4% for the fiscal year ended June 30.
Record 65% of managers believe U.S. equities overvalued

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A record 65% of money managers believe U.S. equities are overvalued.
Illinois State Board drops hedge funds as separate portfolio

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Trustees of the Illinois State Board adopt a new asset allocation for the $17.2 billion fund that eliminates hedge funds as an asset class.
Blackstone assets increase 1% to record $371.1 billion

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Blackstone Group's AUM grew to a record $371.1 billion as of June 30, up 1% from March 31 and up 4% from March 31, 2016.

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Sandro Pierri was named global head of client group at BNP Paribas Asset Management

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Registrars of Voters' Employees' Retirement System hired Eagle Capital Management to run active domestic large-cap equities.

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Tyson Pratcher has left the New York State Common Retirement Fund, where he was head of absolute-return strategies and opportunistic alternatives.
Barings closes global credit fund at $1.3 billion

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Barings closed its second global credit fund at $1.3 billion.
BNY Mellon's assets up 3%, sees $3 billion in inflows for quarter

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BNY Mellon reported $1.771 trillion under management as of June 30 for its asset and wealth management businesses, up 3% from three months earlier.
Louisiana Municipal Police Employees looking to commit $30 million to buyout fund

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Louisiana Municipal Police Employees' Retirement System is conducting a shortlist search for a buyout fund for a $30 million commitment.

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Wesley Carroccio and Patrick Decker were named to the client development team at Verger Capital Management.
ECB stands pat on interest rates

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The ECB held eurozone interest steady Thursday, with money managers surprised at the more dovish tone of President Mario Draghi.
Credit managers take bleaker view of North America — IACPM survey

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Credit portfolio managers are more pessimistic on credit conditions in North America over the next 12 months.
Idaho Public Employee fund returns 12.7% gross in fiscal year

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Idaho Public Employee Retirement System, Boise, returned a gross 12.7% in the fiscal year ended June 30.
U.S. slips to 17th in retirement security index

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The U.S. fell three places to 17th globally in retirement security.