While the number of private-sector pension funds investing in hedge funds has risen in recent years, the number of private-sector European pension funds allocating to hedge funds has fallen.

The Federal Reserve announced on Wednesday it had decided to raise rates for the first time since 2006, voting to move the federal funds rate target range to 0.25% to 0.50%.

Fitch Ratings is forecasting the U.S. high-yield bond default rate to be 4.5% in 2016 as “weak commodity prices will continue to challenge energy and metals/mining issuers.”

At William Blair, a sense of collaboration and partnership is at the forefront of how the firm operates.

A three-time honoree on Pensions & Investments' list of the Best Places to Work in Money Management, SEI Investments Co. prides itself on a culture focused on creativity, risk-taking and evolution.

MassPRIM ranked highest among U.S. public pension funds in terms of private equity returns over the last 10 years, according to an analysis by the Private Equity Growth Capital Council.

New Enterprise Associates is the largest venture capital fund manager in terms of capital raised over the past 10 years, according to data from Preqin.

The National Council of Real Estate Investment Fiduciaries on Tuesday announced the official release the NCREIF Fund index -- Closed-End Value-Add, along with its third quarter 2015 returns.

Net issuance of U.S. dollar bonds in emerging market economies slowed in the third quarter. According to a report released Sunday by the Bank for International Settlements, non-bank net issuance in the 12 largest economies that account for the bulk of U.S. dollar debt fell to $5 billion in the third quarter, down from $41 billion in Q2 amid market turbulence in August.

Traders short the euro vs. the U.S. dollar got a rude awakening Thursday when the currency spiked more than 3% against the dollar. The European Central Bank underwhelmed market expectations with its announcement to cut interest rates on deposits and extend its quantitative easing program into the spring of 2017.

Janus Capital announced Wednesday that Gibson Smith, its fundamental fixed-income chief investment officer, will be leaving the firm in the first quarter to spend more time with his family.

Large cap stocks – as measured by the S&P 500 – led U.S. equity returns through the first 11 months of 2015. The index returned 3.01%, slightly edging out the small-cap index by six basis points. The S&P MidCap 400 index returned 2.08%.

The International Monetary Fund's executive board announced Monday that effective Oct. 1, the Chinese renminbi will be included in the Special Drawing Rights basket for the first time.

Assets in active exchange-traded products rose 29% year-to-date through October, to $32.9 billion, according to data released Tuesday by ETFGI.

CVC Capital Partners and the Canada Pension Plan Investment Board announced they had entered into an agreement to buy Petco Animal Supplies from TPG and Leonard Green & Partners for $4.6 billion.

Among private infrastructure funds currently raising or those with a 2014/2015 vintage, 37% charge a management fee of 2%. That figure is down significantly from 2012/2013 vintage funds when 61% charged a management fee of 2% or more.

Baker Bros. Advisors and Altimeter Capital Management held the top two positions in Symmetric's list of top stock pickers through the quarter ended Sept. 30.

Through the end of October, non-financial U.S. corporate bond issuance totaled $685 billion, up 31.5% from the same period last year and just $1.5 billion short of the full-year record set in 2012.

CalPERS reported its private equity portfolio had a one-year net return of 8.9% in fiscal year 2015, trailing its benchmark (67% FTSE U.S. TMI + 33% FTSE All World ex-U.S. TMI plus 3%) by 221 basis points.

CalSTRS' real estate consultant recommended the pension fund modify its real estate allocation to 60% core, 20% value-added and 20% opportunistic, in light of current market conditions.

An examination of emerging managers in real estate highlights the difficulty that managers without an established track record face when getting their proverbial foot in the institutional door.

Legal & General said Wednesday on its third-quarter sales and revenue call that it was a “quieter quarter” for annuity sales, but its pipeline remains strong.

The Cambridge Associates U.S. Private Equity index returned 3.77% in the second quarter, bringing the one-year return for the index to 8.78% through June.