Anup Agarwal was named deputy chief investment officer at Global Atlantic Financial Group.
Competition for investment management talent could hurt margins at money managers.
A group of money managers, broker-dealers, market-makers and others plan to launch an equity exchange to compete with the NYSE and Nasdaq.
Quebec pension manager puts its money behind budding journalists.
Canadian public and corporate pension plans' median funding levels plunged in the fourth quarter, hurt by a decline in equity investments.
If institutional money managers had a tough time being profitable in 2018, this year could be even harder.
The SEC approved implementing a transaction fee pilot program to measure the effects of maker-taker rebates on equity trade execution.
Backstop Solutions Group announced it has acquired alternative investment data and index provider BarclayHedge
Assets under management for 18 publicly traded money management firms analyzed by SS&C Technologies Holdings rose 2.4% in the third quarter.
Illinois State Board of Investment plans to issue an RFP on Dec. 24 for an investment consultant for the state's deferred compensation plan.
Minnesota State Board of Investment approved a total of $1 billion in alternatives commitments, pending successful contract negotiations.
A point of pride at TCW is the "good mix" of relatively new hires and long-term employees.
Timothy Atwill and Thomas Lee were named co-chief investment officers at Parametric Portfolio Associates, effective Nov. 1, 2019.
Employer payroll, not retirement benefits, could be hit by expansion of Canada, Quebec pension plans.
Illinois Municipal Retirement Fund approved a total of up to $325 million in commitments to real estate and private equity.
Third-quarter assets under management rose, but publicly traded financial service firms' shares still were hammered in October.
Institutional investors should be looking ahead to 2019 as consolidation audit trail implementation begins.
Wells Fargo Bank will pay a total of $43 million to settle two class-action lawsuits over the bank's role as trustee of RMBS trusts.
Canada Pension Plan Investment Board's shareholder-votes to include female directors on Canadian company boards have been successful.
Virtu Financial agreed to acquire agency brokerage and trading analytics provider Investment Technology Group for about $1 billion.
ITG and AlterNet Securities will pay a total of $12 million to settle SEC charges they disclosed clients' dark pool trading information.
Mortimer J. "Tim" Buckley, CEO of Vanguard Group, will also become chairman of the money management firm effective Jan. 1.
BrightSphere Investment Group reported $237.7 billion in AUM as of Sept. 30, up 1.5% from June 30 and 0.8% higher than a year earlier.
Louis Gagnon was named president, U.S. and Canada region, at Mercer.
Sweta Vaidya was named senior vice president in Callan's capital markets research group.