Investing
Online trading platform Robinhood Markets fell as much as 7.9% after raising $2.1 billion in an IPO priced at the bottom of market range.
Generate Capital raised $2 billion through a second round of direct investments from money managers and asset owners.
Emerging markets have become a victim of China's success in 2020, with investors underweight as recoveries trail developed markets.
S&P Global Ratings upgraded the state of Illinois' general obligation bond rating to BBB from BBB-.
A "massive rotation" into corporate bonds from equities may be on the horizon for U.S. pension funds as they become fully funded.
FTSE Russell launched a government bond index focusing on frontier markets, including bonds with a market cap of more than $400 billion.
The performance of different investment styles and factors diverged by region in May, having performed similarly in the first quarter.
Shamrock Capital closed its latest fund focused on buyout and growth equity investments at its $1 billion hard cap.
Managers predict a year or two of transition for China's tech giants could provide good entry points for foreign institutional investors.
European investors are concerned that inflation might begin to hit their portfolios as Western economies lift COVID-19-related restrictions.
The social factor within ESG will be of increasing importance to global pension funds over the next three years due to COVID-19.
U.K. OCIOs made no significant changes to strategies in the COVID-19 pandemic — a move that hurt in the first quarter but later paid off.
Mercer said investors could more than double MSCI ACWI's 12% emerging markets allocations, with the bulk of the overweight going to China.
Vanguard Group is expanding its partnership with HarbourVest Partners to give retail investors access to a private equity strategy.