Latest News

Puerto Rico to default on $422 million payment

Puerto Rico will default on a $422 million bond payment for its Government Development Bank, escalating what is turning into the biggest crisis ever in the $3.7 trillion market that U.S. state and...

May 02, 2016 | 10:04 am

Need for more staff drove decision to move infrastructure portfolio to all external managers

For some asset owners, externally managed infrastructure funds clearly have their relative charms.

May 02, 2016

New ETF puts spotlight on gender diversity

A meeting of Christopher J. Ailman, CalSTRS chief investment officer, and Kristi Mitchem, then an SSgA executive vice president, on the dais of the 2015 Milken Global Conference has resulted in the...

May 02, 2016
Managers offer new strategies to answer ESG call

Managers offer new strategies to answer ESG call

Environmental, social and governance issues, already prominent among European investors, are no longer held in niche status with U.S. investors.

May 02, 2016

McKinsey report sees disappointing returns

Investment returns in the U.S. and Western Europe over the next 20 years will likely fall short of the returns of the previous 30 years, and investors should scale back their expectations as a result,...

May 02, 2016

Aurora shutting its doors; client money to be returned

Aurora Investment Management will close and return money invested in its hedge fund-of-funds strategies after a failed attempt to sell the business.

May 02, 2016
Money management pioneer Seth Glickenhaus dies

Money management pioneer Seth Glickenhaus dies

Seth Glickenhaus, a bond trader turned money manager whose studies of law and medicine failed to lure him away from Wall Street, his professional home for more than eight decades, has died. He was 102.

May 02, 2016
TCW sees assets reach all-time high on bond fund growth

TCW sees assets reach all-time high on bond fund growth

Assets under management at Los Angeles-based money manager TCW Group Inc. have reached an all-time high of more than $180 billion as the firm has capitalized on William H. Gross' departure from rival ...

May 02, 2016
Private equity managers regain the upper hand

Private equity managers regain the upper hand

Private equity investors are getting a dose of the new normal as the hottest fund managers again demand general partner-friendly terms and fees that investors have not seen since the pre-crisis go-go ...

May 02, 2016

Invesco Trust will reimburse some ERISA investors

An Invesco Ltd. subsidiary will pay $10.3 million to settle claims brought by the Department of Labor that its Invesco Short-Term Investment Fund violated the Employee Retirement Income Security Act...

April 29, 2016 | 04:17 pm

BlackRock quant exec taking job with CPPIB

Paul Ebner, a senior portfolio manager who helped run BlackRock’s $1.6 billion mutual fund that bets on and against stocks, is leaving for a job with the Canada Pension Plan...

April 29, 2016 | 02:47 pm

Pearson shareholders reject pension funds’ resolution over testing, school development

Pearson PLC shareholders, including big pension funds, on Friday voted by 97.6% to reject a shareholder resolution filed by the Chicago Public School Teachers’ Pension & Retirement Fund and...

April 29, 2016 | 03:44 pm

Philadelphia Board of Pensions chooses new CIO

Michael Donatucci was named chief investment officer at the Philadelphia Board of Pensions and Retirement.

April 29, 2016 | 02:41 pm

Colorado Fire & Police could commit up to $250 million more to illiquid alternatives

Colorado Fire & Police Pension Association, Greenwood Village, could commit an additional $150 million to $250 million to illiquid alternatives managers in 2016, said Scott Simon, chief investment...

April 29, 2016 | 02:59 pm
Amundi ekes out AUM gain for quarter

Amundi ekes out AUM gain for quarter

Assets under management at Amundi increased 0.2% in the three months ended March 31, to €987.2 billion ($1.1 trillion), with net inflows partially offset by negative market effects.

April 29, 2016 | 02:43 pm