Latest News

Fortress Investment sees 14% rise in AUM for year ended Sept. 30

Fortress Investment Group's assets under management rose to $66 billion as of Sept. 30, up 3.4% from three months earlier and up 14% from a year earlier.

October 30, 2014 | 12:31 pm

Appeals court allows Amgen stock-drop case to continue

A federal appeals court judge ruled Thursday that an ERISA case challenging a presumption of prudence for employee stock ownership plans can continue.

October 30, 2014 | 03:47 pm
Stockton bankruptcy plan approved with no pension cuts

Stockton bankruptcy plan approved with no pension cuts

Stockton, Calif., won court approval of its plan to exit bankruptcy by paying bond investors pennies on the dollar while fully protecting public-worker pension benefits, in a case that has been...

October 30, 2014 | 03:59 pm

Insolvency rate slowing for U.K. companies with pension funds — report

The insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.

October 30, 2014 | 03:42 pm
Northern Trust institutional universe loses ground in third quarter

Northern Trust institutional universe loses ground in third quarter

Corporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.

October 30, 2014 | 03:21 pm
Invesco's AUM down 1.6% in quarter, up 5.9% for year

Invesco's AUM down 1.6% in quarter, up 5.9% for year

vesco on Thursday reported assets under management of $789.6 billion as of Sept. 30, down 1.6% from the end of the previous quarter but up 5.9% from a year earlier.

October 30, 2014 | 02:16 pm

InvestorForce universes drop 1.1% in third quarter

InvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.

October 30, 2014 | 02:20 pm

Two Sigma gathers $3.3 billion for model-driven macro fund

Two Sigma raised $3.3 billion for a macro hedge fund in one the largest new pools of such capital raised since the 2008 financial crisis.

October 30, 2014 | 02:37 pm

Oaktree Capital posts 2.3% AUM gain in quarter

Oaktree Capital Group’s assets under management rose to $93.2 billion for the quarter ended Sept. 30, up 2.3% from the second quarter of 2014 and up 16.8% from Sept. 30, 2013, said...

October 30, 2014 | 02:26 pm
Illinois Teachers to stay with 9 PIMCO strategies for now

Illinois Teachers to stay with 9 PIMCO strategies for now

Illinois Teachers' Retirement System will not terminate any of the nine strategies managed for it by PIMCO, but likely will keep the company on its watchlist.

October 30, 2014 | 10:56 am

Rockefeller Group taking majority stake in TA Realty

Real estate firm The Rockefeller Group is acquiring a majority interest in real estate money manager TA Realty.

October 30, 2014 | 12:42 pm

Apollo Global assets up 45.4% for year; income drops significantly

Apollo Global Management reported assets under management of $163.9 billion as of Sept. 30, up 45.4% from a year earlier. The increase was attributed to the growth in Apollo's credit and private...

October 30, 2014 | 12:37 pm

Carlyle AUM dips in quarter, but up 10% for 12 months

The Carlyle Group's assets under management totaled $202.6 billion as of Sept. 30, down 0.5% from three months earlier but up 10% from a year earlier, said the alternative investment firm's third-...

October 29, 2014 | 04:10 pm

U.K.'s Pensions Regulator levies first fines over auto-enrollment compliance

The Pensions Regulator, the U.K.'s pension watchdog, issued its first fines to employers for not meeting their automatic enrollment duties and issued 163 compliance notices.

October 29, 2014 | 02:15 pm
Fed stops bond buying, stays with federal funds rate near zero

Fed stops bond buying, stays with federal funds rate near zero

The Federal Open Market Committee’s bond-buying program will end this week, members announced Wednesday at the end of a two-day meeting, citing “substantial improvement” in the...

October 29, 2014 | 03:32 pm