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El-Erian: dollar strength is biggest threat to rosy market consensus now

The U.S. dollar's strength poses the biggest threat to the prevailing market consensus that president-elect Donald J. Trump can lift the U.S. economy's growth trajectory, said Mohamed A. El-Erian,...

January 16, 2017 | 11:11 am

Ashmore assets fall over quarter; rise over year

Assets under management at Ashmore Group fell 4% to $52.2 billion over the three months ended Dec. 31, in part due to steepened yield curves and a strong U.S. dollar.

January 16, 2017 | 06:28 am
CalPERS' Lehman case gets review as Supreme Court considers lawsuit deadlines

CalPERS' Lehman case gets review as Supreme Court considers lawsuit deadlines

The U.S. Supreme Court will use a case stemming from the Lehman Brothers collapse to rule on the deadlines for some investor fraud suits.

January 13, 2017 | 05:22 pm
Citadel Securities to pay $22.5 million to settle SEC algorithm case

Citadel Securities to pay $22.5 million to settle SEC algorithm case

Citadel Securities will pay $22.6 million to settle charges that its retail customer orders unit misled other brokerage firms about how it priced trades.

January 13, 2017 | 01:13 pm
ArcLight Capital sells stake to GSAM, Kuwaiti fund

ArcLight Capital sells stake to GSAM, Kuwaiti fund

ArcLight Capital Partners has sold a passive minority stake in the firm to Goldman Sachs Asset

January 13, 2017 | 04:22 pm
Massachusetts Water plan pulls plug on EnTrustPermal fixed-income hedge fund

Massachusetts Water plan pulls plug on EnTrustPermal fixed-income hedge fund

Massachusetts Water Resource Authority Employees' Retirement System has approved redeeming its shares in the Permal Fixed Income Holdings Institutional Fund.

January 13, 2017 | 03:27 pm
 Hedge fund assets end 2016 over $3 trillion despite $106 billion in net outflows

Hedge fund assets end 2016 over $3 trillion despite $106 billion in net outflows

Aggregated hedge fund industry assets grew a slight 0.73% to $3.04 trillion in 2016 thanks to performance gains of $119.9 billion.

January 13, 2017 | 02:05 pm
BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%

BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%

BlackRock says assets under management reached $5.15 trillion as of Dec. 31, up 1% from three months earlier and up 11% from a year earlier.

January 13, 2017 | 11:51 am
BNY Mellon Asset Services names CEO for exchange-traded funds

BNY Mellon Asset Services names CEO for exchange-traded funds

Jeff McCarthy has been named CEO for exchange-traded funds at BNY Mellon Asset Services.

January 13, 2017 | 01:24 pm
JPMAM's assets flat for quarter, up 3% for year

JPMAM's assets flat for quarter, up 3% for year

J.P. Morgan Asset Management's assets under management were $1.771 trillion as of Dec. 31, flat from three months earlier but up 3% from Dec. 31, 2015.

January 13, 2017 | 12:25 pm

BlackRock chooses new head of North American institutional client business

Sarah Melvin has been named head of the institutional client business for the U.S. and Canada at BlackRock.

January 13, 2017 | 09:11 am
S&P downgrades Dallas on police and fire pension plan concerns

S&P downgrades Dallas on police and fire pension plan concerns

Standard & Poor's Global Ratings downgrades Dallas' general obligation rating to AA- from AA, citing concerns about the city's police and fire pension plan.

January 13, 2017 | 12:05 pm
Pictet recruits U.K. senior business development manager

Pictet recruits U.K. senior business development manager

Tim Bird will join Pictet Asset Management as senior business development manager for U.K. institutional sales.

January 13, 2017 | 12:16 pm
State contribution to CalPERS to rise by $524 million next year

State contribution to CalPERS to rise by $524 million next year

California will contribute $5.3 billion to CalPERS for the fiscal year starting July 1, up 11% from the current fiscal year, shows a proposed budget by Gov. Edmund G. Brown Jr.

January 12, 2017 | 09:47 am
House passes SEC regulatory accountability bill

House passes SEC regulatory accountability bill

Legislation requiring the Securities and Exchange Commission to review the costs of rules and justify the benefits was approved by the House of Representatives on Thursday by 243-184 vote.

January 12, 2017 | 05:43 pm