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Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank will pay more than $2.5 billion to settle charges by U.S., U.K. and New York state authorities that it manipulated the London interbank offered rate for the U.S. dollar, yen, pound and...

April 23, 2015 | 12:00 pm
Ares' Tony Ressler said to buy NBA's Atlanta Hawks for $730 million

Ares' Tony Ressler said to buy NBA's Atlanta Hawks for $730 million

A group led by Ares Management's billionaire co-founder Tony Ressler won the bidding for the National Basketball Association's Atlanta Hawks.

April 22, 2015 | 04:12 pm

Wilshire Funds Management’s CIO resigns

Cleo Chang, chief investment officer of Wilshire Funds Management and a managing director at Wilshire Associates, resigned.

April 22, 2015 | 03:45 pm
 North Carolina launches second in-state private equity fund

North Carolina launches second in-state private equity fund

North Carolina Treasurer Janet Cowell announced Wednesday the launch of a second innovation fund that will invest in North Carolina-centered companies.

April 22, 2015 | 03:39 pm

Barnett Waddingham: Fewer than 20% of U.K. pension funds still open

Only 19% of U.K. final-salary defined benefit plans with more than £1 billion ($1.5 billion) in assets remain open, said a report from consultant Barnett Waddingham.

April 22, 2015 | 03:17 pm

Canadian government considering lifting public share limits for federal pension funds

The Canadian government will hold public consultations with the country’s federal pension funds to consider eliminating the current 30% limit for holding voting shares of an individual company.

April 22, 2015 | 03:10 pm
T. Rowe Price's AUM up 3.5% on strong target-date fund growth

T. Rowe Price's AUM up 3.5% on strong target-date fund growth

T. Rowe Price Group reported $772.7 billion in assets under management as of March 31, up 3.5% from three months earlier and up 8.6% from a year earlier.

April 22, 2015 | 02:32 pm
Tesco charts funding plan to close growing pension plan deficit

Tesco charts funding plan to close growing pension plan deficit

Tesco PLC, Cheshunt, England, has agreed to a funding plan with trustees of the company's defined benefit plan in an effort to plug a £3.9 billion ($5.8 billion) deficit.

April 22, 2015 | 02:01 pm
BNY Mellon's AUM gains 2% in quarter, 7% for year

BNY Mellon's AUM gains 2% in quarter, 7% for year

Bank of New York Mellon reported $1.74 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of March 31, up 2% from three months...

April 22, 2015 | 12:36 pm

Aviva Investors adds U.K. equities fund manager

Simon Young joined Aviva Investors as U.K. equities fund manager.

April 22, 2015 | 12:32 pm

GSAM: Insurance CIOs more pessimistic about finding attractive investment opportunities

Insurance companies are more pessimistic than they’ve been in years about finding attractive investment opportunities due to global monetary policies pushing yields to ultra-low or even...

April 21, 2015 | 07:00 pm
Investor groups say SEC should require companies to disclose political spending

Investor groups say SEC should require companies to disclose political spending

Five state treasurers, including North Carolina Treasurer Janet Cowell, sole trustee of the $88.8 billion North Carolina Retirement Systems, Raleigh, are urging the SEC to require corporate political ...

April 21, 2015 | 03:49 pm
Northern Trust reports 2.8% AUM gain in quarter

Northern Trust reports 2.8% AUM gain in quarter

Northern Trust Corp. reported $960.1 billion in total assets under management as of March 31, up 2.8% from three months earlier and 4.9% from a year earlier, said its first-quarter earnings release...

April 21, 2015 | 04:22 pm
EBRI: Americans' retirement confidence slowly improving

EBRI: Americans' retirement confidence slowly improving

Americans' confidence in a secure retirement is inching up, but there has been no progress in getting people who haven't planned for retirement to start planning, said the 25th annual Retirement...

April 21, 2015 | 12:01 am

Lexington Capital Partners VIII closes at $10.1 billion

Lexington Partners closed its latest private equity secondary market fund, the $10.1 billion Lexington Capital Partners VIII, hitting its hard cap after 15 months in fundraising.

April 21, 2015 | 03:25 pm