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.
The central bank wants to shake up the $6.9 trillion money market fund industry, saying it amplified strains during recent economic crises.
Block.one is launching a cryptocurrency exchange that seeks to marry attributes of traditional bourses with those of decentralized finance.
Billionaire Alan Howard is returning money to investors from the secretive hedge fund that he personally runs.
Amundi's new CEO is focusing on margin pressure, intensifying competition from rivals and the development of passive management.
Alex Banker was appointed to run Yale University's $31.2 billion endowment on an interim basis, following the death of CIO David Swensen.
NBIM is widening its recruitment net to include job seekers without college degrees as it works to protect its portfolio from cyberthreats.
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.
Australia's securities regulator is probing Westpac Banking over insider trading, just months after it settled money laundering charges.
Berkshire Hathaway Vice Chairman Greg Abel was publicly named as the likely successor to CEO Warren Buffet, but is he up to the job?
Cryptocurrency advocates will have to wait a while longer for the U.S. regulator's verdict on bitcoin ETF approval as applications pile up.
UBS Group disclosed an $861 million hit from the implosion of Archegos Capital Management and vowed to improve risk management.
Thoma Bravo agreed to acquire cybersecurity and compliance firm Proofpoint in a deal it said values the business at about $12.3 billion.
Janet Yellen and Christine Lagarde renewed their calls to banks and investors to mobilize private capital to combat climate change.
President Joe Biden will need to overcome a major political hurdle in his bid to end preferential tax treatment of investment income.
U.S. regulators are considering tougher disclosure requirements for investment firms in response to the implosion of Archegos Capital.
Two Sigma is starting a group to invest in private real estate as it seeks to expand its data-science expertise into non-public markets.
Credit Suisse Group paused the launch of a credit fund run by star trader Hamza Lemssouguer as it dials back risk.
J.P. Morgan sold $13 billion of bonds, the largest deal ever by a bank, taking advantage of some of the cheapest borrowing costs in years.
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.
Singapore-based startup Grab Holdings is going public in the U.S. through the largest-ever merger with a blank-check company.
Mubadala may join a group investing in Saudi Aramco's oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.
Brevan Howard is making money for its billionaire co-founder Alan Howard and other partners through more than just hedge fund fees.
Private equity firms are barreling through records as they place bets on technological revolutions in numerous sectors.