Sharmila Chatterjee Kassam was named executive director of AIF Institute, the educational resource arm of economic think tank AIF Global.

New York State Common Retirement Fund filed a shareholder resolution with Tyson asking the company to eliminate its dual-share stock policy.

Northern Trust is laying off about 500 workers and trimming pay as the bank confronts profitability worries driven by low interest rates.

Edward Kung joined private credit manager Varagon Capital Partners as a managing director of business development and investor relations.

Wells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.

Maine Public Employees' Retirement System increased its target to alternative credit to 7.5% from 5%.

University of Pennsylvania agreed to pay $13 million to settle case that alleged ERISA violations in a 403(b) plan.

Massachusetts Gov. Charlie Baker signed a bill requiring MassPRIM to increase the diversity of the managers and consultants it hires.

Investors called on major social media companies to address the "urgent threat" of violence leading up to the presidential inauguration.

BlackRock has sold most of its holdings in China Telecom, the latest divestment from Chinese firms that are the subjects of U.S. sanctions.

Clearinghouses are weighing whether to shift trillions of dollars of derivatives away from the LIBOR weeks before the benchmark expires.

Los Angeles City Deferred Compensation Plan named two finalists in its search for a stable value manager.

Nomura Holdings and SPARX Group set up a JV to list a fund offering individual investors the chance to invest in unlisted companies.

Ivanhoe Cambridge and PAG have formed a joint venture focused on logistics investments for the greater Tokyo and Osaka regions.

Participants in a DST Systems 401(k) plan secured a $79 million payment to settle ERISA complaint against the plan and others.

Impact investors are getting more sophisticated and efficient as they make performance and capital allocation decisions, a report finds.

Fitch Group will acquire independent credit research provider CreditSights from the founders for an undisclosed sum.

BlackRock's assets under management hit a record $8.7 trillion in the fourth quarter, recording double-digit gains for the quarter and year.

Nathalie Wallace was named head of ESG at Mirova, the responsible investing subsidiary of Natixis.

Holly Framsted will join Capital Group in March in the new position of head of ETFs, leading development and launch of its first ETFs.