The Connecticut General Assembly passed a state budget that would not shift teacher pension costs onto towns and cities.
KKR & Co. reported $153.3 billion in assets under management as of Sept. 30, up 3.2% from June 30 and up 17% from a year earlier.
U.S. managers will be allowed to unbundle research and execution costs and not violate their fiduciary duty under guidance issued by the SEC.
Federated Investors reported $363.7 billion in assets under management as of Sept. 30, up 1% from June 30 but flat from Sept. 30, 2016.
Franklin Resources reported $753.2 billion in assets under management as of Sept. 30, up 1% from three months earlier and up 3% from a year ago.
The median third quarter net return of MSCI's InvestorForce Plan Universes was 3.11%.
TP, Hilleroed, Denmark, returned 24.4% on its investment portfolio for the nine months ended Sept. 30.
Pensions & Investments' WorldPensionSummit honored excellence in retirement across four categories in its 2017 Innovation Awards.
Principal Financial Group announced Thursday it will acquire full ownership of MetLife Afore.
Disclosed money management merger and acquisition activity in the third quarter totaled $2.4 billion, up 20% from the second quarter.
Oaktree reported $99.5 billion in assets under management as of Sept. 30, up 0.3% from the previous quarter and down 0.3% from a year prior.
The House voted to adopt a Senate budget resolution that allows for up to $1.5 trillion to added to the federal deficit.
Robert van Zwieten is stepping down as president and CEO of EMPEA on Nov. 5.
American Oversight filed a lawsuit to force the DOL to release records about revisions to the fiduciary rule now being considered.
ConocoPhillips Co. contributed $600 million to its U.S. pension plans in the third quarter.