BlackRock has partnered with Thurgood Marshall College Fund to provide funding for scholarships to students at historically black colleges.
Manager consultant Michael Falk received the CFA Society Chicago's lifetime achievement award in recognition of his years of service.
State Street’s acquisition of Brown Brothers Harriman’s Investor Services unit will push the bank to the top of the list of asset servicers.
Hedge fund managers took advantage of the tailwind of strong global growth and COVID-19 uncertainty to raise AUM in the year ended June 30.
Multimanager hedge funds changed the industry over the past five years, attracting billions, but many are hampered by capacity constraints.
David Hagee was promoted to CIO of Commerce Trust Co. to replace long-tenured predecessor Landers Carnal.
The multiaffiliate segment of the investment industry is under pressure with the future likely to bring smaller firms with fewer affiliates.
Multiaffiliate managers are vying with private equity firms to snap up minority ownership stakes in alternative managers.
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.
State Street will close its two offices in New York and provide smaller shared workplaces in the Tri-State area to support hybrid working.
Strong Q2 performance and net inflows inflated AUM for most publicly traded money managers, especially alternative strategy specialists.
Texas Employees alerted state and federal law enforcement agencies to a cyberfraud attack on retiree accounts, which led to convictions.
State Street aims to increase competitiveness in asset servicing by adding private-market coverage from the acquisition of Mercatus.
SSGA's AUM hit $3.9 trillion, up 8.5% for the quarter and up 27.6% for the year on long-term flows and investment gains.
BlackRock's assets under management rose 5.4% to a new record of $9.5 trillion in the second quarter despite a large investor redemption.
BlackRock took a minority stake in SpiderRock Advisors, expanding its separate account lineup for wealthy investors with options strategies.
Hedge fund allocations rose in the first half of 2021, as investors sought returns and diversification to offset low fixed-income returns.
Asset owner and money management executives share their summer reading choices.
Money managers and investment consultants that manage money are looking to offer and expand their mass-customization strategies.