Jeremy Grantham warns Joe Biden's economic recovery plan will propel U.S. stocks to perilous new heights, followed by an inevitable crash.
BlackRock will manage a new emerging markets fund focused on renewable infrastructure for the Climate Finance Partnership.
One-fifth of transportation firms will not be able to maintain carbon emission reduction targets when timetables are accelerated in 2030.
GMO named Simon Harris interim head of global equity, replacing Neil Constable who left the firm.
Sonoma County Employees' Retirement Association placed GMO on watch for its global asset allocation portfolio.
Phoenix City Employees' Retirement System hired Driehaus Capital Management to run about $19 million in active international small-cap equities.
AP1 named 14 managers as finalists for its $4 billion global emerging markets equity allocation
Oregon Investment Council is expected to launch a search later this year for a real estate investment consultant.
Phoenix City Employees' Retirement System named three finalists in its search for an active international small-cap equity manager.
Phoenix City Employees' Retirement System hired First Eagle Investment Management to run about $70 million in active international equities.
Montana Board of Investments allocated a total of $590 million to three managers.
New Orleans City Employees' Retirement System hired BlackRock and GMO to manage $15 million each in GTAA portfolios.
Phoenix City Employees' Retirement System hired Northern Trust to run about $77 million in passive international equities.
Boston Retirement System hired Aberdeen Standard Investments to manage $165 million in an emerging market debt-plus strategy.
Phoenix City Employees' Retirement System will conduct shortlist searches for international equity managers to run $180 million.
Chicago Policemen's Annuity & Benefit Fund hired BlackRock and Lazard Asset Management for active local currency emerging markets debt.
The Chicago Policemen's Annuity & Benefit Fund will launch searches =for two managers to build out the $85 million real estate portfolio.
Virginia Retirement System announced numerous recent hires and commitments totaling nearly $2.5 billion.
New Orleans City Employees' Retirement System named five finalists in its search for a global tactical asset allocation manager.
San Jose Police & Fire pension fund set a new asset allocation, eliminating GTAA and long/short equity and hiking global core fixed income.
Recent sanctions on Russia by the U.S. has money managers and investors split as to whether now is the time to buy into the country.
Florida State Board of Administration announced new manager hires and fund commitments totaling more than $3.1 billion during the first quarter.