Invesco said Thursday it is purchasing the ETF business of Guggenheim Investments for $1.2 billion.
Oil is facing fundamental challenges, which require careful navigation if investors are to see positive returns from the sector in the longer term.
Ken Griffin's Citadel is returning capital to some of the clients in one of its multistrategy hedge funds.
Private equity investors are increasingly making new commitments to existing managers.
Kirk Lehneis was named president of MainStay Funds at New York Life Investment Management.
New Mountain Capital closed its latest private equity fund, New Mountain Partners V, at $6.15 billion.
More U.S. corporations with pension plans are concentrating on managing the benefits and liabilities of their plans.
More insurers are turning to their investment portfolios as a larger source of profitability.
University of Pennsylvania's endowment returned 14.3% for the fiscal year ended June 30.
Jill Barber was named global head of institutional at Jupiter Asset Management.
Ohio Police & Fire Pension Fund, Columbus, terminated PENN Capital Management from a $219 million high-yield portfolio.
Paul Osborne was named director, U.K. institutional clients at Unigestion.
Charges brought against Patriarch Partners over valuation and performance disclosure after a five-year investigation by the SEC were dismissed.