AlphaMetrix will pay a $2.8 million penalty and an additional $2.8 million in restitution to participants in its commodities trading pool for taking rebates that were to be reinvested into its pools...
December 18, 2014 | 01:20 pm
President Barack Obama's announcement Wednesday that the U.S. and Cuba would restore diplomatic relations won't open up U.S. institutional investment in the Caribbean nation anytime soon.
December 17, 2014 | 03:41 pm
Ethics complaints against San Francisco City & County Employees' Retirement System board member Wendy Paskin-Jordan could force her off the board.
December 17, 2014 | 04:32 pm
The global money management industry has seen very strong growth since the financial crisis, although more specialized approaches have been more successful than traditional money management...
December 17, 2014 | 08:00 am
Federal Open Market Committee members announced Wednesday they “can be patient in beginning to normalize the stance of monetary policy,” said a statement at the end of a two-day meeting.
December 17, 2014 | 03:35 pm
Chris Schelling is joining the Texas Municipal Retirement System as its first director of private equity.
December 17, 2014 | 03:19 pm
Japan’s $1.1 trillion Government Pension Investment Fund moved a step closer to installing a board of directors to replace the current system in which sole power lies with the president.
December 17, 2014 | 02:15 pm
NCR Corp. announced Wednesday it has purchased a group annuity contract from Principal Life Insurance Co. to transfer about $160 million in pension liabilities, representing 4,500 retirees receiving...
December 17, 2014 | 11:03 am
Energy Spectrum Capital closed its Energy Spectrum Partners VII with $1.225 billion, hitting its $1.2 billion hard cap for limited partner commitments and surpassing its $1 billion target.
December 17, 2014 | 01:43 pm
Amy Cummings was named managing director of the investor services team at MetLife Investment Management.
December 17, 2014 | 01:39 pm
Ken Sarafa was named senior vice president and head of U.S. institutional sales and relationship management at Voya Investment Management.
December 17, 2014 | 12:53 pm
Man Group agreed to acquire Stamford, Conn.-based leveraged loan manager Silvermine Capital Management, the latest of four deals to expand its presence in the U.S.
December 17, 2014 | 12:48 pm
J.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New ...
December 17, 2014 | 09:40 am
A class-action lawsuit brought by employees of Lockheed Martin Corp. alleging excessive 401(k) plan fees is in the process of being settled.
December 16, 2014 | 05:40 pm
Four labor unions, along with active and retired city workers, filed a lawsuit Tuesday that argues a Chicago pension reform law violates Illinois' constitutional clause that pension benefits should...