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rcblog
Searches and hires decline in Q2, but large mandates still up for grabs

The number of searches for the second quarter of 2023 decreased to 109 from 147 in the prior quarter, with 45% for service providers, followed by 36.7% for traditional managers and 15.6% for alternatives. Hiring activity declined to $58.4 billion from $69.6 billion in the previous quarter. Alternative hires totaled $41.5 billion, a slight increase from $39.9 billion in the prior quarter, partially offsetting a 11% decline in traditional hires.

rcblog
Franklin’s acquisition of Putnam highlights M&A deals in Q2

There were 20 money management deals in the second quarter of 2023. Disclosed assets under management involved in the latest quarter’s transactions totaled $417 billion, and the average deal size was $20.8 billion.

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rcblog
Yale, BlackRock prevail in respective ERISA suits to highlight Q2

During the second quarter, 47 ERISA-related lawsuits were filed and/or updated.

rcblog
DOL, SEC rules draw attention in first quarter

During the first quarter of 2023, 21 stories were written about non-ERISA lawsuits that involve legal prosecution or settlements, with an additional 97 stories on legislation and regulation. Forty-three representatives and senators were mentioned.

rcblog
OCIO search and hire activity ramps up in first quarter

Search activity for the first quarter of 2023 increased by 10.5% from the prior quarter. Hiring activity jumped to $69 billion from $56.1 billion the previous quarter, mostly due to moderate and sharp increases in traditional and OCIO hires, excluding a $41.8 billion OCIO mandate awarded by Teamsters Central States, Southeast & Southwest Areas Pension Fund to BlackRock.

rcblog
Money management M&A deals fall in Q1

There were 19 money management deals in the first quarter of 2023, down significantly from 35 transactions from the year-earlier quarter. Assets under management involved in the latest quarter’s transactions totaled $160 billion, only a 2% decrease from $164 billion in first quarter 2022.

rcblog
Action on record-keeping lawsuits highlights first quarter

During the first quarter, 52 ERISA-related lawsuits were filed and/or updated. Each event represents the involved parties either reaching a settlement or filing an appeal, or a court decision was made.

rcblog
Traditional manager search activity soars in Q4

Search activity for the fourth quarter of 2022 increased by 25.5% from the prior quarter. Traditional manager searches soared by 119%, mostly driven by strong interests in domestic equity and fixed-income strategies, with some non-U.S. activity from Global Fund Search.

rcblog
Manager M&A deals slow down in the fourth quarter

Seventeen money management deals took place in the fourth quarter of 2022, down from 32 transactions in the year-earlier quarter. Assets under management involved in the latest quarter’s transactions totaled $164 billion, down 61% from $422.2 billion in the previous quarter. Over the last 4 years, the lowest AUM involved in transactions was $156.5 billion in the first quarter of 2019.

rcblog
Political upheaval in U.K. among big non-ERISA stories in Q4

During the fourth quarter of 2022, 13 stories were written about non-ERISA lawsuits that involve legal prosecution or settlements, with an additional 88 stories on legislation and regulation. Forty-three representatives and senators were mentioned.

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December 12, 2022 page one

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  • Topics
    • Alternatives
    • Artificial Intelligence
    • Consultants
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Regulation
    • SECURE 2.0
    • Special Reports
    • Washington
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Influential Women in Institutional Investing 2023
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • ESG Investing | Industry Brief
    • Innovation in ESG Investing
    • 2023 ESG Investing Conference
    • ESG Rated ETFs
    • Divestment Database
  • Defined Contribution
    • Latest DC News
    • The Plan Sponsor's Guide to Retirement Income
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • DC Plan Design: Improving Participant Outcomes
    • 2023 Defined Contribution East Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Research Center
    • The P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
  • Careers
  • Events
    • View All Conferences
    • View All Webinars