Latest News

Fed keeps rates steady, announces it will start reducing balance sheet in October

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The Federal Open Market Committee said Wednesday it will begin reducing its $4.5 trillion balance sheet in October.
Rhode Island General Assembly passes bill requiring transparency from managers

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Rhode Island passed legislation Tuesday requiring money managers to publicly disclose information about performance, fees, expenses and liquidity.
Texas Permanent School Fund's returns top benchmark for all periods ended June 30

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Texas Permanent School Fund's gross returns exceeded its policy benchmark in all periods ended June 30.
University of Texas endowment hits brakes on private equity as values rise

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The largest public university endowment in the U.S. is pausing an aggressive expansion of investments in private equity as valuations have surged.

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Mathew Feldman joined The Carlyle Group as a managing director on its credit opportunities team.
Neuberger Berman brings Breton Hill Capital into the fold

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Neuberger Berman acquired Breton Hill Capital, a Toronto-based quantitative money manager with $2 billion in assets under management.

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Stephen Mandel, who started Lone Pine Capital two decades ago, is stepping back from day-to-day portfolio management in January 2019.
U.K. to require managers to disclose administration, transaction costs to DC plans

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Money managers will be required to disclose administration charges and transaction costs to U.K. DC plans starting in 2018.
BNY Mellon to sell CenterSquare to Lovell Minnick

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BNY Mellon Investment Management agreed to sell CenterSquare Investment Management to management team and Lovell Minnick Partners.
Pennsylvania State Employees to reduce investment fees paid to money managers

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Pennsylvania State Employees' Retirement System, Harrisburg, plans to reduce the amount of fees paid to money managers.
Columbia Threadneedle to acquire real estate investment firm Lionstone Investments

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Columbia Threadneedle Investments agreed to acquire Houston-based real estate investment firm Lionstone Investments.
Saudi Arabia sovereign wealth fund launching unit to invest in entertainment sector

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Public Investment Fund, Riyadh, Saudi Arabia, is developing a company to invest in the kingdom's growing entertainment sector.

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Steve Bale was named principal consultant at Aon.
National Venture Capital Association files lawsuit against delaying foreign-born entrepreneur rule

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The National Venture Capital Association is leading a lawsuit against the Trump administration on the delay of a foreign-born entrepreneur rule.
Hedge fund liquidations decline in second quarter

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The pace of hedge fund liquidations fell to 222 in the quarter ended June 30, compared to 259 firms that closed in the first quarter of 2017.