The global asset management industry will be substantially overhauled over the next 10 years, a new PwC report predicts.
Diversity is moving up asset owners' agendas, with the issue beginning to influence how they select managers and structure their boards.
Glendon Capital Management closed its second credit and special situations fund, Glendon Opportunities Fund II, at $2.5 billion.
Millennium Management agreed to pay $639,000 to settle charges of illegal short selling ahead of stock offerings.
Chi Kit Chai joined Hong Kong-based Ping An Overseas Holdings as head of capital markets and a member of the firm's executive committee.
Connecticut governor signs budget that includes required pension contributions without shifting teacher pension costs to municipalities.
Hester Peirce and Robert J. Jackson Jr. were confirmed Wednesday to serve on the SEC, bringing the commission to its full complement.
Crestline Investors closed its latest credit fund, Crestline Opportunity Fund III and related managed accounts, with a combined $1.34 billion.
PFM will acquire institutional stable value manager Fiduciary Capital Management.
A unanimous Federal Open Market Committee decided not to raise the federal funds rate on Wednesday.
Private equity firm Permira, through a portfolio company backed by its funds, has agreed to buy Duff & Phelps for $1.75 billion.
Apollo Global Management's assets under management were $241.6 billion as of Sept. 30, up 4.2% from June 30 and an 28% increase from a year earlier.
Senate Democrats unveiled their plan for tax reform late Tuesday that calls for raising limits for 401(k) contributions.
Leon Douch was named head of insurance and Jason Allan was hired as director, institutional business development at Allianz Global Investors.
Janet Li, Hong Kong-based director of investments for Greater China with Willis Towers Watson, has left the firm.