Latest News

Blackstone AUM dips 2% to $439.4 billion in quarter

Alternatives

Alternatives

Blackstone Group reported $439.4 billion in AUM as of June 30, a 2% dip from the quarter ended March 31 but up 18% year-over-year.
FCA's costs related to Brexit jump 2.5 million from previous year

Regulation

Regulation

The U.K.'s Financial Conduct Authority spent 2.5 million more on costs associated with Brexit compared to the previous fiscal year.

PENSION FUNDS

PENSION FUNDS

The New Jersey Division of Investment is seeking a corporate governance officer to monitor ESG investments.
Valor Equity Partners closes fourth growth fund at $1.05 billion

Alternatives

Alternatives

Valor Equity Partners has closed its fourth private equity growth-focused fund at $1.05 billion.

Money Management

Money Management

Gijs Koning was named managing director and head of portfolio management and operations at VanEck Europe.

MONEY MANAGEMENT

MONEY MANAGEMENT

Franklin Templeton appointed Subash Pillai to lead the firm's investment solutions business for Asia, including Australia.
Russia unnerved by Putin's silence over pension age hike

INTERNATIONAL

INTERNATIONAL

A proposal to increase the pension age in Russia has triggered a backlash, fueling speculation the Kremlin might soften the reform.
Cerberus acquiring Spanish bank real estate loan portfolio

ALTERNATIVES

ALTERNATIVES

Cerberus Capital Management agreed to acquire €3.9 billion in distressed real estate loans from Banco Sabadell.

Consultants

Consultants

Gary Evans was named head of third-party administration at consultant Hymans Robertson.

Money Management

Money Management

DWS added three senior executives into its European institutional client team — Gareth Davies, Alexia Giugni and Shalin Bhagwan.

Pension Funds

Pension Funds

Troy Searles, chief investment officer of the $4.1 billion Louisiana Parochial Employees' Retirement System, resigned July 13.
Singapore's APS Asset Management garners private fund manager license for mainland China

Money Management

Money Management

APS Asset Management received a private fund manager license from China's quasi-official Asset Management Association of China.
Credit managers' pessimism continues to grow, IACPM survey finds

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

Credit portfolio managers forecast wider credit spreads and rising credit defaults this year due to a litany of concerns.
Real estate investors face lower returns, possibly lower fees – LaSalle

Real Estate

Real Estate

The high price of real estate, 'proptech' and macroeconomic surprises are having an impact on real estate's outlook.
Northern Trust's AUM down 1% for quarter, up 12% for year

MONEY MANAGEMENT

MONEY MANAGEMENT

Northern Trust Corp. reported $1.149 trillion in assets under management as of June 30, down 1% from March 31 but up 12% from a year prior.