Latest News

L.A. fund audit calls again for consolidation

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A management audit of the Water and Power Employees' Retirement Plan is again recommending Los Angeles evaluate consolidating its pension plans.
Public funds boosting real assets commitments – eVestment

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Commitments to real assets by U.S. public pension plans increased in the second quarter, an eVestment survey found.
Institutional growth powers 5.4% growth in Schroders AUM

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Strong institutional growth powers 5.4% rise in Schroders' assets under management.
French regulator fines Natixis unit over fees

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Natixis Asset Management was fined €35 million for charging clients redemption fees that were not outlined as part of management fees.
Institutional equity commissions down 40% from 2009, Greenwich finds

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Total U.S. institutional equity commissions have fallen 40% from the first quarter of 2009 to March 31 of this year.
FCA to end LIBOR benchmark before 2022

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LIBOR, the nearly 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap.
DeAM assets slip 1.7% in quarter despite net inflows

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Deutsche Asset Management's AUM fell 1.7% for the quarter and 1.1% for the 12 months ended June 30, despite net inflows.
FTSE Russell sets minimum voting rights hurdle that excludes Snap Inc.

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FTSE Russell set a new minimum voting rights thresholds for inclusion in the firm's indexes that will exclude Snap Inc.
The new rate regime: managing income and volatility<br/>

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Managing volatility in this new rate regime presents unprecedented challenges for both fixed-income and equity investors.
Glass box vs. black box

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The teams that most successfully utilize machine learning are the teams that treat it like a glass box, rather than a black box.
Boeing sets $3.5 billion pension fund contribution for third quarter

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Boeing Co. plans to contribute an additional $3.5 billion to its pension plans in the third quarter.
Legg Mason's AUM up almost 2% for quarter, flat for year

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Legg Mason reported $741.2 billion in assets under management as of June 30, up 1.8% from the end of the prior quarter.

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Angelo Gordon hires 2 managing directors for new long/short strategy.
SEC Chairman Clayton talks priorities

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Main Street investors and burdens on public companies are top concerns, SEC Chairman Jay Clayton tells the Chamber of Commerce.
Senate panel approves TSP modernization bill

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Legislation to keep more assets in the Thrift Savings Plan by modernizing withdrawal rules continues to advance in Congress.