Latest News

Consultants

Consultants

Jasmine Richards was named senior investment director, manager diversity, at Cambridge Associates.
Unlisted real estate fund-of-funds allocations spike in 2017, study finds

Real Estate

Real Estate

Global allocations to unlisted real estate funds of funds jumped to a record $8.5 billion in 2017, an ANREV-INREV study shows.
R.I. treasurer seeks transparency laws for church plans

DEFINED BENEFIT

DEFINED BENEFIT

Rhode Island treasurer wants funding disclosure for church-affiliated plans.
State Street to acquire Charles River Development

Money Management

Money Management

State Street Corp. agreed to acquire Charles River Development, which provides investment management front-office tools and services,
Insight Venture Partners closes on $6.3 billion for 10th growth fund

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

Insight Venture Partners completed fundraising for its growth equity fund, Insight Venture Partners Fund X.
Bill would create private-sector version of Thrift Savings Plan

Legislation

Legislation

Legislation that would create a private-sector version of the $553.8 billion Thrift Savings Plan was introduced by Sen. Jeff Merkley, D-Ore.
SSGA's assets flat in quarter, with $14 billion in net outflows

Money management

Money management

State Street Global Advisors reported $2.723 trillion in assets under management as of June 30.
Hostplus tops Australian rankings with 12.5% fiscal year return

Superannuation Funds

Superannuation Funds

Hostplus, the A$34 billion superannuation fund for Australia's hospitality sector, delivered an industry-topping 12.5% fiscal year return.
Nebraska Investment Council shifts endowments' equity allocations

Investing

Investing

Nebraska Investment Council changed the equity allocations of the endowments it oversees to align with those of the pension plans.
Hedge fund assets hit another record, but see outflows

Hedge Funds

Hedge Funds

Hedge fund industry assets hit eighth straight quarterly record high, but suffer outflows.
Commentary: Public pension funds must not divest from reality

INDUSTRY VOICES

INDUSTRY VOICES

Rather than play political games with pension fund money, politicians should focus on ensuring promises made to public employees are kept.
Think tank takes ESG rating agencies to task

ESG

ESG

The American Council for Capital Formation is questioning the ratings process used for ESG investments.

Money Management

Money Management

Jane Ambachtsheer will join BNP Paribas Asset Management as global head of sustainability.
BNY Mellon reports slip in AUM for quarter, but gain for year

Money Management

Money Management

Bank of New York Mellon's AUM was down for the quarter, but up moderately for the year ended June 30.
Managers should use strong '17 to reinvest in firms: BCG

Money Management

Money Management

Increased profitability and growth is giving money managers the opportunity to invest in digital and analytical tools to stay competitive.