Spectrum Equity Management closed its latest growth equity fund, Spectrum Equity VIII, at its hard cap of $1.25 billion.
The two newest commissioners on the Commodity Futures Trading Commission said their focus will be on risk.
Northern Trust's assets under management totaled $1.125 trillion as of Sept. 30, up 9% from three months earlier and up 19% for the year.
Private equity firm Lovell Minnick Partners, along with other firms, are purchasing a majority stake in alternative money manager Tortoise Investments.
CFA Institute members in North and South America continue to fall behind EMEA and Asia-Pacific regions in their use of ESG factors.
University of Chicago's endowment returned 11.4% for the fiscal year ended June 30.
Attendees at a Pensions and Lifetime Savings Association conference hear that saving more is key to secure retirement.
The median funding ratio of U.S. state pension plans fell again in fiscal year 2016 to 68% from 75% the previous fiscal year.
The SEC is preparing to tell financial firms they won't have to overhaul their operations to comply with sweeping new European rules governing investment research.
A panel of speakers that advised the U.K. Government during its current automatic-enrollment review warned the process will face more obstacles.
Saudi Arabia's Public Investment Fund established a new energy services company to increase energy efficiency in government buildings.
The Supreme Court put on hold a case challenging whether an issuer's duty to disclose certain information allows for class-action lawsuits.
SS&C Technologies Holdings acquired Canadian fund administrator CommonWealth Fund Services.
Social Security, workplace retirement plans and individual savings will not provide adequate retirement security for a growing number of people, the GAO said.
Rob Rushe was named European ETF segment executive at BNY Mellon, said a spokesman for the firm.