Most money managers reported an increase in total assets under management to end the year but analysts see reasons to be watchful.
The largest U.S. retirement funds saw a 6.6% asset increase over the year ended Sept. 30.
Large Canadian pension funds are rethinking asset allocation with the onset of the COVID-19 pandemic and plan to move more assets in-house.
Tim Patterson, senior managing director and head of health-care investing at OMERS Private Equity, is leaving at the end of the month.
Foundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
Wells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.
Merit Financial Group said it entered into a strategic partnership to help drive the firm's acquisition efforts and organic growth.
Asset management deals slowed in 2020 compared to 2019, but transactions are expected to rise in year ahead.
Best Places employers loosened policies and rolled out new benefits in the wake of COVID-19 and racial inequity concerns.
Despite the volatile start to 2020, institutional assets under advisement grew 3% to $42.65 trillion over the year ended June 30.
Chief executives at asset managers talk recruitment challenges brought on by the pandemic.
Wells Fargo is considering a sale of its asset management unit, which has pushed a shortlist of rival firms as potential buyers.
Invesco has rolled out a $200 million cost-cutting plan, aiming to complete most of the net savings by the end of next year.
Wells Fargo is considering selling its asset management unit, which has pushed Goldman Sachs to the forefront as a potential buyer.
CPPIB is being urged to disclose a long-term strategy for exiting fossil-fuel investments.
Analysts fail to see how a potential merger of Invesco and Janus Henderson would alleviate secular challenges facing both firms.
Money managers are moving ahead on long-term technology investments in a bid to cut costs and improve efficiencies in the long run.
Edwin Cass was named chief investment officer at Canada Pension Plan Investment Board, making him the fund's first-ever dedicated CIO.
Up to 20% to 25% of Wells Fargo's workforce, including asset management employees, could be impacted in its multiyear cost-cutting plan.
Ontario Teachers' Pension Plan reported assets of C$207.4 billion for the first half the year, a 0.4% loss.
Wells Fargo & Co. has started a multiyear cost-cutting effort that will encompass "a broad range of actions, including workforce reductions."
As of Aug. 5, all publicly traded money managers tracked by their assets rise saw gains in the second quarter.
The racial wealth gap must first be tackled to address a retirement savings crisis and its disproportionate impact on communities of color.
Non-profit health-care investors in the U.S., faced with revenue shortfalls, are eying increased allocations to alternatives.