GW&K Investment Management promotes 2 to co-CEO
June 28, 2022 03:59:58 PMThomas F.X. Powers and T. William Roberts III, partners and co-presidents of GW&K Investment Management, were named co-CEOs of the firm.
Cresset adds executive managing director of private funds group
June 28, 2022 03:57:12 PMKevin O'Donnell was named executive managing director of the private funds group at Cresset Partners.
CLO managers use ‘print-and-sprint' to profit from cheap loans
June 28, 2022 03:51:02 PMThe biggest buyers of leveraged loans are looking to repeat a strategy that generated gains of more than 60% during the early part of the pandemic.
Northwestern adopts new climate change investment guidelines
June 28, 2022 02:45:33 PMNorthwestern plans to limit investments in fossil fuel-related companies and support more clean-energy technology investments.
FirstEnergy lights up small-cap value equity option for 401(k) plan
June 28, 2022 02:32:49 PMCVS injects smidcap core equity fund into 401(k) lineup
June 28, 2022 02:23:38 PMSEC levies $100 million fine against EY over cheating on ethics exams
June 28, 2022 02:16:29 PMThe SEC fined Ernst & Young $100 million for ethics violations, the biggest penalty imposed by SEC against an auditing firm.
SSGA picks up $2.2 billion for passive CITs from AbbVie 401(k)
June 28, 2022 01:54:46 PMUniversity of Vermont assigns $5 million to venture capital fund of funds
June 28, 2022 01:43:08 PMU.S. IPO volume falls precipitously
June 28, 2022 01:42:40 PMThe faltering U.S. equity market has negatively impacted IPO deal activity.
Commerce Bancshares swaps managers on 3 options for 401(k) plan
June 28, 2022 12:55:54 PMRailpen appoints asset and development manager
June 28, 2022 12:38:21 PMMaria Averkina was appointed asset and development manager for Railpen, the investment manager for U.K. railway pension funds.
DeKalb County scouting for consultant for DC plans
June 28, 2022 12:01:20 PMTaiwan's BLF hires 5 for climate change-aligned equity
June 28, 2022 10:24:09 AMILPA names acting CEO
June 28, 2022 09:34:25 AMJennifer Choi has been named acting CEO of the Institutional Limited Partners Association following the resignation of Steve Nelson.
Lockheed Martin offloads another $4.3 billion in pension liabilities
June 27, 2022 05:01:37 PMLockheed Martin Corp. purchased group annuity contracts from Athene Holding to transfer about $4.3 billion in U.S. pension plan liabilities.
Asset managers say they'll pay for travel after Supreme Court abortion ruling
June 27, 2022 04:19:59 PMState Street, PIMCO, Blackstone and other large asset managers said they would pay for employees' travel expenses related to abortion care.
New Thrift Savings Plan website faces criticism
June 27, 2022 04:08:56 PMCriticism of a Thrift Savings Plan website update is being raised over wait times and lack of access to accounts.
Morningstar appoints head of client solutions for asset management
June 27, 2022 03:59:29 PMBen Johnson, Morningstar's director of global ETF research, will become head of client solutions, asset management, effective July 1.
Former employees sue MITRE for alleged ERISA violations
June 27, 2022 03:32:16 PMSix former employees of MITRE Corp. have sued the not-for-profit for alleged ERISA violations in two retirement plans run by the organization.
Walgreens settles shareholder lawsuit for $105 million
June 27, 2022 03:23:50 PMWalgreen Co. reached a $105 million settlement in a class-action lawsuit that had accused the company of misleading shareholders.
PennPSERS issues call for private markets help
June 27, 2022 03:00:13 PMJ.P. Morgan Asset Management names senior investment specialist
June 27, 2022 02:53:08 PMDaniel Yem joined J.P. Morgan Asset Management as a senior investment specialist for business and product strategy in the DC business.
Venture funding set to hit lowest level since 2020
June 27, 2022 02:48:41 PMVenture capital-backed startups raised far fewer rounds of funding during the past three months than late last year and early this year.
Marathon Petroleum switches emerging markets equity funds in 401(k) lineup
June 27, 2022 02:25:57 PM