Lightyear Capital raised more than $1 billion for its fourth private equity fund and co-investments.
CME Group, Cboe Global Markets and Cantor Fitzgerald filed product certifications with the CFTC to offer bitcoin derivatives.
Strong equity markets and positive net flows into actively managed strategies for the first time in years resulted in a positive third quarter for managers.
Two new bills would require most employers to offer a defined contribution plan and simplify some retirement savings rules.
Fiera Capital agreed to take over management of City National Rochdale Emerging Markets Fund, a $1.7 billion mutual fund.
Hutchin Hill closing doors, returning hedge fund assets to investors.
Tudor Investment Corp. is closing its Tudor Discretionary Macro Fund and letting investors shift assets to the main BVI fund as of Jan. 1.
The total deficit of all U.K. corporate defined benefit funds increased 4.5% in the month of November to £161 billion.
Jeffrey M. Solomon was named CEO of money manager and investment bank Cowen Inc.
Nippon Life Insurance Co. will purchase a 24.75% minority stake in TCW Group from the Carlyle Group.
Ki Jeong (Kelly) Lee has been appointed to lead IFM Investors' new Seoul office as client relationship director.
Michael DuCharme was named director, currency solutions at Mesirow Financial.
Avik Mukhopadhyay joined real estate manager Kennedy Wilson as a managing director for its investment management business.
Del Hart replaces Fiona Mackenzie at New Zealand Super in overseeing NZ$6.5 billion in mandates to roughly 30 external managers.
Churchill Asset Management, Nuveen's private credit subsidiary, closed the Churchill Middle Market Senior Loan Fund at $1.1 billion.