Credit Suisse Group canceled a plan to back star trader Hamza Lemssouguer's credit fund in a stunning about-face.
Carlyle Group and Warburg Pincus told employees they'll require COVID-19 vaccinations to return to the office in September.
DWS Group and Assicurazioni Generali are among suitors that submitted initial bids this week for the asset management arm of NN Group.
J.P. Morgan Chase applied to take full control of its China securities venture and is ramping up hiring as it plows ahead with expansion.
Credit Suisse is temporarily barring clients from withdrawing all their cash from a fund that invests with Renaissance Technologies.
Apollo Global Management co-founder Josh Harris is stepping down from his day-to-day role after being passed over for the firm's top job.
KKR agreed to buy John Laing Group for about $2.8 billion in a bid to secure a global infrastructure portfolio with potential for growth.
Market participants from Goldman Sachs to BlackRock are divided on whether current frothy valuations constitute an unsustainable frenzy.
Schroders explored a potential buyout of M&G, a deal that would have created a U.K. fund powerhouse overseeing over $1 trillion of assets.
Amundi's new CEO is focusing on margin pressure, intensifying competition from rivals and the development of passive management.
Todd Barker, the head of Surveyor Capital at Citadel, is retiring after 16 years at the hedge fund firm and will be replaced by Phillip Lee.
Berkshire Hathaway Vice Chairman Greg Abel was publicly named as the likely successor to CEO Warren Buffet, but is he up to the job?
UBS Group disclosed an $861 million hit from the implosion of Archegos Capital Management and vowed to improve risk management.
Morgan Stanley surprised investors with a $911 million loss tied to the collapse of Archegos Capital, staining an otherwise record quarter.
The closure of South Africa's biggest money market mutual fund has rekindled speculation that Absa Asset Management may be up for sale.
Not long ago, airliners and real estate firms were asking for emergency support and loans. Now, investors are desperate to lend them money.
Greencoat Capital, one of the U.K.'s biggest managers of renewable energy funds, is considering a potential sale.
Leon Black, the Apollo Global co-founder who appeared to be a main client of disgraced financier Jeffrey Epstein, is stepping down as CEO.
Credit Suisse froze four more funds that invested in the bank's $10 billion supply chain finance strategy, adding to a widening scandal.
Standard Life Aberdeen clients pulled more cash from the fund manager in 2020, but at a far slower pace than the previous year.
Apollo Global Management will acquire Athene Holding in an all-stock deal that values Athene at about $11 billion.
Ares Management is closing in on a deal for a controlling stake in AMP Ltd.'s asset management business.
A $600 million disagreement is throwing a wrench in the creation of a new investing behemoth.
Steve Cohen's Point72 Asset Management has opened to new cash and raised more than $1.5 billion in commitments in a matter of days.
After months of headlines about his business dealings with Jeffrey Epstein, Leon Black himself orchestrated a plan to step down as CEO.