Latest News

Perella Weinberg settles pay dispute with departing partners

Perella Weinberg Partners settled a dispute with David Schiff and two other investment managers who sought back pay from the firm as they plan to depart.

October 07, 2015 | 04:03 pm

Wyoming State Loan and Investment Board chooses new CIO

Patrick D. Fleming was named chief investment officer of the Wyoming State Loan and Investment Board, Cheyenne, said a news release from Mark Gordon, Wyoming state treasurer and...

October 07, 2015 | 03:56 pm

Alfred P. Sloan Foundation picks new CIO

Elizabeth Hewitt was named chief investment officer and senior vice president of the $1.9 billion Alfred P. Sloan Foundation, New York.

October 07, 2015 | 03:51 pm

T. Rowe Price hires intermediary sales head for Asia ex-Japan/Australia

Elsie Chan joined T. Rowe Price in Hong Kong as head of intermediary sales, Asia, ex- Japan and Australia.

October 07, 2015 | 04:45 am

Investment Association taps risk director as interim CIO

Guy Sears was appointed interim CEO at the Investment Association, as the U.K. trade body for money managers searches for a permanent candidate.

October 07, 2015 | 01:40 pm
China tops for middle class, latest Allianz global wealth report says

China tops for middle class, latest Allianz global wealth report says

China's emergence as an economic powerhouse has left the country accounting for more than half of the global middle class, on the back of broad gains that have offset rises in income inequality...

October 07, 2015 | 04:31 am

Dyal Capital takes stake in Chenavari Capital Partners

Dyal Capital Partners, the private equity business of money manager Neuberger Berman, is acquiring a passive minority interest in alternatives money manager Chenavari Capital Partners.

October 07, 2015 | 01:23 pm
Tesco pension fund deficit increases 7.7% in 6 months

Tesco pension fund deficit increases 7.7% in 6 months

The pension fund deficit at Tesco PLC, Cheshunt, England, increased 7.7% to £4.2 billion ($6.5 billion) over the six months ended Aug. 29, said a financial update from the company.

October 07, 2015 | 01:20 pm

BlackRock calls for halting the stock market to avoid volatility

BlackRock has concocted its own remedy for days of extraordinary volatility in the U.S. equity market.

October 07, 2015 | 01:14 pm

Pennsylvania Public School Employees posts 3.04% fiscal year return

Pennsylvania Public School Employees’ Retirement System, Harrisburg, returned 3.04% net of fees in the fiscal year ended June 30.

October 06, 2015 | 05:04 pm

Large managers increasingly using ESG factors in investment processes — report

Capital Group, Janus Capital Management, MFS Investment Management and other mainstream money management firms integrate ESG factors into their investment process almost as much or even more so than...

October 06, 2015 | 04:19 pm

BlackRock hires national sales manager for DC group

Sean Murray was named national sales manager for BlackRock’s U.S. and Canada defined contribution group, said Farrell Denby, spokesman.

October 06, 2015 | 04:01 pm

Investment Association CEO said to be leaving following departure of 2 managers

Daniel Godfrey is expected to depart from the Investment Association, where he has been CEO since October 2012, said a source familiar with the situation.

October 06, 2015 | 03:52 pm

Avon Pension Fund looking at pooling assets with other South West England plans

The Avon Pension Fund, Bristol, England, should team up with its neighboring local government pension schemes in the South West of England to “actively explore options” for pooling...

October 06, 2015 | 03:49 pm
Former SEC chairmen call for agency to adopt fiduciary rule

Former SEC chairmen call for agency to adopt fiduciary rule

Three former Securities and Exchange Commission chairmen called Tuesday for the agency to develop a fiduciary rule.

October 06, 2015 | 03:40 pm