David Hagee was promoted to CIO of Commerce Trust Co. to replace long-tenured predecessor Landers Carnal.
Victory Capital Management will acquire New Energy Capital Partners, the company's first purchase of an alternative investment manager.
The multiaffiliate segment of the investment industry is under pressure with the future likely to bring smaller firms with fewer affiliates.
Magnetar Capital hired Stuart Davies to fill the new position of head business development for its systematic investment unit.
Goldman Sachs tightened its COVID-19 rules to require that everyone entering its offices be vaccinated and wear masks in its buildings.
Money managers are cautiously bringing employees back to U.S. offices given the delta variant, with many implementing hybrid work models.
Strong Q2 performance and net inflows inflated AUM for most publicly traded money managers, especially alternative strategy specialists.
SkyBridge's Brett Messing added co-CIO to his role as chief operating officer after the recent departure of former co-CIO Troy Gayeski.
State Street agreed to acquire Mercatus to add private markets coverage to its asset-servicing platform.
BlackRock took a minority stake in SpiderRock Advisors, expanding its separate account lineup for wealthy investors with options strategies.
State Street and First Abu Dhabi Bank formed a partnership to offer custodial services to institutions in the Middle East and North Africa.
Asset owner and money management executives share their summer reading choices.
Principal Financial is focusing on fee-based businesses and cutting U.S. retail insurance and most of its retail annuity businesses.
BlackRock’s strong first quarter earnings report marks another milestone in the growth of the world’s largest manager.
BlackRock CEO Larry Fink's total pay rose 18% in 2020, thanks to increases in long-term incentives and cash awards.
CI Financial is on an acquisition spree, having scooped up 16 U.S. wealth managers in little more than a year with more to come.
Asset owners are staying on the sideline for now, awaiting the outcome of a discrimination lawsuit filed against PIMCO by female employees.
Mellody Hobson's strategic plan for Ariel Investments puts a bold spin on private equity that seeks to address racial economic inequality.
PIMCO named Kimberley Stafford the new global head of its product strategy group and picked a new leader for Asia-Pacific to replace her.
Institutionally oriented money managers are looking for ways to gain retail market share.
After a review, Janus Henderson is closing four of seven Perkins value strategies and rebranding the equity fund lineup.
BlackRock's assets under management hit a record $8.7 trillion in the fourth quarter, recording double-digit gains for the quarter and year.
BlackRock vice chairwoman Barbara Novick will retire Feb. 1 but remain a senior adviser to world's largest money manager.
Brookfield plans to buy back units of Brookfield Property Partners for $5.9 billion in a bid to take the real estate company private.
State Street is exploring merger and acquisition to expand SSGA's investment capabilities, sources said.