A growing middle class and economic recovery in Latin America are providing opportunities for money managers.
San Francisco City & County Employees' Retirement System committed up to $400 million to six real assets and private equity investments.
A newly elected CalPERS board member wants more transparency and criticized private negotiations between staff and BlackRock over the fund's private equity program.
Sonoma County Employees' Retirement Association put Guggenheim Investments on its watchlist following concerns about the management of the company.
CalPERS reported its unfunded liability grew $27.3 billion to $138.6 billion as of June 30, 2016, prompting criticism from a think tank.
Wylie Tollette, chief operating investment officer at CalPERS, is leaving to rejoin Franklin Templeton Investments.
Michael DuCharme was named director, currency solutions at Mesirow Financial.
Matt Lewis was named vice president and head of exchange-traded funds implementation and capital markets at American Century Investments.
California Treasurer John Chiang is calling on CalPERS and CalSTRS to require corporate boards of the companies they invest in to have a diversity standard.
Capital Group hires a veteran liability-driven investment executive to spearhead the expansion of its own LDI business.
Washington State Investment Board approved commitments of more than $2.2 billion to private equity and infrastructure.
CalPERS paid $689.6 million in base and profit-sharing fees to private equity general partners in the fiscal year ended June 30.
CalSTRS' board approved hiring a co-investment adviser, helping the pension fund expand its private equity co-investment program.
Northern Trust Asset Management's new chief is aiming to expand the firm's ETF and factor-based assets under management.
Disclosed money management merger and acquisition activity in the third quarter totaled $2.4 billion, up 20% from the second quarter.
Franklin Resources reported $753.2 billion in assets under management as of Sept. 30, up 1% from three months earlier and up 3% from a year ago.
Stephanie Braming, a veteran William Blair portfolio manager, was named the firm's global head of investment management.
With ETF inflows smashing records and passive gaining assets at the expense of active, more managers are seeking a slice of the pie.
Invesco said Thursday it is purchasing the ETF business of Guggenheim Investments for $1.2 billion.
The Washington State Investment Board approved a new asset allocation that increases illiquid asset exposures by 5 percentage points.
Washington State Investment Board, Olympia, approved on Thursday committing up to $400 million to two new private equity funds.
CalSTRS made 16 commitments to private equity and venture capital funds totaling more than $3.2 billion in the six-month period ended June 30.
The giant California Public Employees' Retirement System is mulling new approaches to private equity investing.