Money managers' average cash holdings declined to 4.4% of their portfolios in November, the lowest level since October 2013.
Steve Jurvetson, partner and co-founder of Draper Fisher Jurvetson, left the firm.
Vereit, a large listed real estate trust, said it was exiting the non-traded REIT business and selling Cole Capital to CIM Group.
NISA Investment Advisors' co-founders' will transfer their current equity interests in the business to the existing senior management team.
U.S. securities regulators took fewer enforcement actions and imposed fewer fines since SEC Chairman Jay Clayton took over.
As CalPERS mulls over a new asset allocation for the next four years, one group is making it clear CalPERS needs to steer clear of major changes.
State Street Global Advisors announced it will expand its guidance on gender diversity on corporate boards to Canadian and Japanese companies.
A former participant in the Nordstrom Inc. 401(k) Plan has sued plan executives alleging breaches of fiduciary duties.
General Electric Co. plans to contribute about $6 billion to its main defined benefit plan in 2018.
GI Partners announced the final closing of GI Partners Fund V at its $2.7 billion hard cap and above its $2.3 billion fundraising target.
Institutional investors plan to stick with hedge fund allocations for the most part, according to an Ernst & Young Global survey.
FSBA approved filing a direct lawsuit against Valeant Pharmaceuticals International Inc. for more than $60 million in losses.
The U.K. government and the financial industry need to support and increase the number of social impact investment opportunities in the market.
Credit Suisse will pay $135 million in a settlement with the New York Department of Financial Services over FX charges.
The total deficit of all U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index fell 5.2% in October to £149.8 billion.