The inclusion of diverse money managers in an investment portfolio should be viewed as an alpha play, with the potential to boost returns.
Although the industry is paying increased attention to diverse money managers, concerns remain for the future of minority-owned firms.
More than one-third of sovereign wealth funds were tapped to support their local economies or plug fiscal deficits in 2020.
The PBGC provided details underfunded multiemployer plans must provide to show they are eligible to receive special financial assistance.
Simon Partridge joined Russell Investments as U.K. head of fiduciary management solutions.
Money managers' operating profits failed to follow an upward trend in global AUM, as cost pressures and fee contraction continued to bite.
An industry association and regulators are separately consulting on efforts to improve diversity in the U.S., Canada and U.K.
Forty-one managers joined an initiative to achieve net-zero emissions in portfolios by 2050, taking total signatories to 128.
Affiliated Managers Group agreed to acquire a majority equity stake in ESG-dedicated money manager Parnassus Investments.
Any changes to the Government Pension Fund Global's investment strategy on the basis of climate risk should be made with caution.
Research shows a "significant" overlap between the United Nations' 17 sustainable development goals and financial performance indicators.
Deloitte will shift $1.4 billion in default fund assets into a new sustainability-focused strategy.
William Davies will become global CIO at Columbia Threadneedle Investments in January, following the retirement of Colin Moore.
BlackRock is overhauling the way it handles employee concerns about workplace misconduct, following an external review and accusations.
Health-care professionals got a helping hand with their finances at the height of the COVID-19 pandemic, executives said on a webinar.
Money managers are supporting an initiative celebrating financial services executives who have shown leadership in diversity and inclusion.
Money managers and retirement plan providers will be required to comply with climate-change disclosure rules under new proposals by the FCA.
Performance fees incurred by defined contribution plans investing in illiquid assets may be smoothed for five years starting Oct. 1.
David Morley was named head of U.K. distribution at Candriam, overseeing institutional, wholesale and retail markets.
Joanna Munro was appointed CEO of HSBC Asset Management's new alternatives unit, overseeing $53 billion in AUM and advisement.
LGT Capital Partners closed its latest secondaries fund at its $4.5 billion hard cap.
Public Investment Fund made two appointments to its new Middle East and North Africa-focused division as part of its growth strategy.
The investment management industry must put more emphasis on inclusion if efforts to accomplish true diversity are to pay off.
Virginie Maisonneuve joined Allianz Global Investors as global CIO equity, leading the firm's $195.1 billion offering.