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Viewing stories published on September, 28, 2017. Click here to view latest.

Invesco's acquisition of Guggenheim's ETF business enhances smart-beta offerings

MONEY MANAGEMENT

MONEY MANAGEMENT

Invesco said Thursday it is purchasing the ETF business of Guggenheim Investments for $1.2 billion.
Commentary: Investing in oil for now, the next year and the next decade

Industry Voices

Industry Voices

Oil is facing fundamental challenges, which require careful navigation if investors are to see positive returns from the sector in the longer term.
Citadel said to return money to some global hedge fund clients

HEDGE FUNDS

HEDGE FUNDS

Ken Griffin's Citadel is returning capital to some of the clients in one of its multistrategy hedge funds.
Private equity investors putting money with existing managers at highest clip — Callan

Private Equity

Private Equity

Private equity investors are increasingly making new commitments to existing managers.

Money Management

Money Management

Kirk Lehneis was named president of MainStay Funds at New York Life Investment Management.
New Mountain Capital closes fifth fund at $6.15 billion

Private Equity

Private Equity

New Mountain Capital closed its latest private equity fund, New Mountain Partners V, at $6.15 billion.
Corporate pension plans ramping up focus on reducing liabilities through risk transfers

RISK MANAGEMENT

RISK MANAGEMENT

More U.S. corporations with pension plans are concentrating on managing the benefits and liabilities of their plans.
Insurers see portfolios as larger profit source, BlackRock survey finds

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

More insurers are turning to their investment portfolios as a larger source of profitability.
University of Pennsylvania's endowment returns 14.3%

Endowments and Foundations

Endowments and Foundations

University of Pennsylvania's endowment returned 14.3% for the fiscal year ended June 30.

Money Management

Money Management

Jill Barber was named global head of institutional at Jupiter Asset Management.
Ohio Police & Fire drops PENN Capital as part of reducing high-yield portfolio

PENSION FUNDS

PENSION FUNDS

Ohio Police & Fire Pension Fund, Columbus, terminated PENN Capital Management from a $219 million high-yield portfolio.

MONEY MANAGEMENT

MONEY MANAGEMENT

Paul Osborne was named director, U.K. institutional clients at Unigestion.
Patriarch, Lynn Tilton win dismissal of SEC charges

Courts

Courts

Charges brought against Patriarch Partners over valuation and performance disclosure after a five-year investigation by the SEC were dismissed.