Latest News

Federated Investors' AUM drops in quarter on equity, fixed-income outflows

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Federated Investors reported $392.2 billion in assets under management as of March 31, down 1.4% from Dec. 31, but up 8.4% from a year earlier.
North Carolina lowers return assumption rate to 7%

Pension Funds -

Pension Funds -

North Carolina Retirement Systems lowered its assumed rate of return to 7% from 7.25%.
AllianceBernstein's AUM falls 1% in quarter, rises 10.4% for year

Money Management -

Money Management -

AllianceBernstein reported $549.5 billion in assets under management as of March 31, down 0.9% from the end of 2017 but up 10.4% from a year earlier.
PIMCO rejects claims in discrimination suit, calls executive an 'ineffective' manager

COURTS -

COURTS -

PIMCO responded to a suit by a top executive, disputing claims by Stacy Schaus that her pay and opportunities were hampered by age and sex discrimination.
CFTC working on market-based swaps rules, Chairman Giancarlo says

Trading -

Trading -

The Commodity Futures Trading Commission is working on more market-based rules for swaps executions, Chairman J. Christopher Giancarlo said.
AARP, attorneys general move to halt fiduciary rule expiration date

Courts -

Courts -

AARP and the attorneys general of three states moved to intervene in a case vacating the Department of Labor's fiduciary rule.
Schroders assets slip 2.2% in quarter

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Assets under management at Schroders fell 2.2% for the three months ended March 31, to 426.1 billion.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Marc Brookman was named deputy CEO, North America, at Schroders.
Oaktree reports 2% drop in AUM in first quarter

ALTERNATIVES -

ALTERNATIVES -

Oaktree Capital Group's assets under management totaled $121.4 billion as of March 31, down 2% from Dec. 31 and up 0.1% from the year before.
U.K. investment consulting, OCIO markets not overly concentrated – report

CONSULTING -

CONSULTING -

The investment consulting and fiduciary management markets in the U.K. are not highly concentrated, reports find.
Vanguard mulls a big change in Japan: Selling funds directly

Money Management -

Money Management -

Vanguard Group is considering selling funds directly to investors in Japan as it seeks to crack a market that's largely eluded it for almost two decades.
Invesco's AUM dips slightly in quarter on volatile markets

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Invesco's assets under management totaled $934.2 billion as of March 31, down 0.4% from the end of the prior quarter but 11.9% higher than a year ago.
Franklin Resources lists AUM of $737.3 billion, down 2%

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Franklin Resources had $737.3 billion in assets under management as of March 31, down 2% from the end of 2017 and flat compared to a year earlier.
Commentary: It's cultural – why investment management has yet to fully embrace machine learning

Industry Voices -

Industry Voices -

Machine learning might transform the investment management industry, but the obstacles seem as much cultural as technical.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Lukas Daalder will leave his role as chief investment officer, investment solutions at Robeco.