Senate Banking Committee members questioned SEC and Federal Reserve nominees on agency independence, cybersecurity and climate change.

The DOL views cryptocurrency in 401(k) plans as a "risk to the system" and wants to issue guidance before offerings became mainstream, Ali Khawar said.

Fidelity Investments' discretionary assets under management totaled $4.3 trillion as of March 31, up 9% from a year earlier.

Progressive Corp. removed the Fidelity Mid-Cap Stock Fund from its 401(k) plan, moving the assets to an existing Vanguard option.

A U.S. Court of Appeals ruled that the SEC violated a hedge fund manager's constitutional rights in an administrative proceeding.

Canada Pension Plan Investment Board reported net assets of C$539 billion ($431.8 billion) as of the end of its March 31 fiscal year.

More than a year after Gabe Plotkin's Melvin Capital Management was grievously injured in a short squeeze, the $7.8 billion hedge fund is shutting down.

The head of one of North America's biggest investors in private markets wants to cut its reliance on buyout firms and do more deal-making on his own.

Poppy Allonby will join T. Rowe Price Group as its head of ESG enablement and a member of the firm's ESG leadership committee.

Georgette Baxter was appointed as director of business development and client service at RhumbLine Advisers.

SEI Investments announced its first exchange-traded funds, a suite of four U.S. large-cap funds that use a proprietary factor-based approach.

The bill would require large passive fund managers to vote proxies based on individual investors' instructions, not at managers' discretion.

Barnabas Health Inc. will pay $1.75 million to settle a lawsuit alleging ERISA violations in its 401(k) and 403(b) plans.

Franklin Resources CEO Jenny Johnson has more acquisitions in mind, especially managers in new regions, wealth managers and tech companies.

The world's most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 index.

Clearlake Capital Partners VII, the firm's seventh private equity flagship fund, closed at $14.1 billion, twice the size of its predecessor.

Alecta has begun buying government bonds amid a "paradigm shift" in the market that pushed yields to their highest level since 2018.

BlackRock predicts that bond exchange-traded fund assets globally will hit $5 trillion by the end of 2030, fueled by four trends.

David E. Kushner was named chief investment officer of the $3.5 billion Austin City Employees' Retirement System.