You must go big on infrastructure, Mr. President
January 25, 2021 12:00:00 AMInfrastructure spending on projects that create jobs would provide long-term investors with a way to earn reliable, consistent returns.
State Street, Northern Trust both prepare for layoffs
January 25, 2021 12:00:00 AMState Street Corp. and Northern Trust Corp. both announced moves earlier this month to lay off hundreds of employees.
Coronavirus throwing retirement systems into a deepening hole
January 25, 2021 12:00:00 AMThe COVID crisis stressed emerging market retirement funds, narrowing their path forward as demographic pressures loom.
SPAC launches leap, but institutions are wary
January 25, 2021 12:00:00 AMSPAC launches continue at a hefty pace but most institutional investors remain on the sidelines when it comes to investing directly in them.
California pension funds learning from experience
January 25, 2021 12:00:00 AMCalPERS and CalSTRS are wrestling with COVID-19 impact, staffing and moving their plans forward post pandemic.
Resisting diversity could lead to termination
January 25, 2021 12:00:00 AMFoundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.
High-court ruling thwarts ERISA stock-drop lawsuits
January 25, 2021 12:00:00 AMThanks to the Supreme Court, ERISA stock-drop cases remain a tough challenge for participants to even get to trial.
Tontines garnering a new wave of interest
January 25, 2021 12:00:00 AMTontines, with the promise of mortality credits, could attract growing numbers of clients hoping to win the pension lottery.
Grantham warns of Biden stimulus further inflating epic bubble
January 22, 2021 03:17:15 PMJeremy Grantham warns Joe Biden's economic recovery plan will propel U.S. stocks to perilous new heights, followed by an inevitable crash.
Northern Pool picks managers, advisers for real estate framework
January 22, 2021 12:15:57 PMTexas Employees adds second emerging hedge fund manager
January 22, 2021 10:16:56 AMCity of Zurich hires SCOR for insurance-linked securities allocation
January 22, 2021 10:08:52 AMLoomis Sayles chooses first chief diversity officer
January 22, 2021 08:56:56 AMMarques Benton joined Loomis Sayles as its first chief diversity, equity and inclusion officer.
Standard Life Aberdeen CEO: Some staff won’t get bonuses
January 21, 2021 03:49:31 PMStandard Life Aberdeen told its employees that some of them won't be getting bonuses this year.
Nuveen sells holdings in sanctioned Chinese stocks
January 21, 2021 02:01:53 PMNuveen has become the latest money manager to sell its holdings in U.S.-sanctioned Chinese stocks.
New year sees profit forecast on bullish path – survey
January 20, 2021 03:23:42 PMInvestor sentiment continues to be bullish, with nearly 9 out of 10 managers expecting global profits to improve over the next 12 months.
ICG enters broader health-care sector with dedicated team
January 20, 2021 01:07:01 PMIntermediate Capital Group hired a life-sciences investment team, entering the broader health-care sector to invest in biotech companies.
Fidelity International launches private credit capability with team liftout
January 19, 2021 10:32:40 AMFidelity International will enter the private credit market with a team liftout from digital pan-European bank MeDirect.
Nuveen to acquire clean energy firm Glennmont Partners
January 19, 2021 05:37:50 AMNuveen has agreed to acquire renewable energy manager Glennmont Partners, bolstering the firm's private infrastructure platform.
Global hedge funds struggle even in a more open China market
January 18, 2021 10:52:30 AMGlobal asset managers are struggling to find a foothold in $578 billion hedge fund industry, despite long-awaited policy changes.
Wells Fargo targets $8 billion in cuts
January 15, 2021 02:48:46 PMWells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.
Managers make further divestments from sanctioned Chinese firms
January 15, 2021 01:31:29 PMBlackRock has sold most of its holdings in China Telecom, the latest divestment from Chinese firms that are the subjects of U.S. sanctions.
Los Angeles City Deferred Comp narrows list to 2 in manager search
January 15, 2021 11:18:33 AMLos Angeles City Deferred Compensation Plan named two finalists in its search for a stable value manager.
BlackRock sets record with $8.7 trillion in AUM
January 14, 2021 03:04:48 PMBlackRock's assets under management hit a record $8.7 trillion in the fourth quarter, recording double-digit gains for the quarter and year.
BlackRock invests in sustainability analytics and data platform
January 14, 2021 09:30:00 AMBlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI.