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.
Manager consultant Michael Falk received the CFA Society Chicago's lifetime achievement award in recognition of his years of service.
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.
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.
Multiaffiliate managers are vying with private equity firms to snap up minority ownership stakes in alternative managers.
Renaissance Technologies executives will pay $6.8 billion in an IRS settlement over past options use in the firm's flagship Medallion Fund.
Texas County & District Retirement System committed an additional $23 million to a Cheyne Capital European distressed debt fund.
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.
J.P. Morgan promoted Bryon Lake to global head of ETF solutions to drive new product development.
Money managers are cautiously bringing employees back to U.S. offices given the delta variant, with many implementing hybrid work models.
Illinois Teachers Retirement System approved a new asset allocation for the 2022 fiscal year and retained its 7% assumed rate of return.
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.
Blackstone acquired an undisclosed minority stake in growth-focused private equity firm GTCR through its GP stakes business.