Brexit pushes 440 financial services firms to move some U.K. business to Europe
April 16, 2021 01:51:12 PMMoney managers and insurance firms have transferred more than $138.2 billion in assets to Europe as a result of Brexit.
Private real estate funds continue rebound
April 16, 2021 12:32:29 PMAppreciating property prices and steady income have lead to returns rebounding for open-end real estate funds.
Diversity harder to find at the top in money management firms – survey
April 15, 2021 01:48:43 PMData show the most diverse group of employees hold lower-level roles in money management firms, while those at the top are less diverse.
BlackRock AUM hits record $9 trillion in first quarter
April 15, 2021 08:36:20 AMBlackRock hit a new AUM high of $9.01 trillion in the quarter ended March 31, buoyed by $172 billion of net inflows.
Commentary: Inflation expectations vs. reality in the bond market
April 15, 2021 07:00:00 AMIMCO returns 5.4% in 2020
April 14, 2021 02:28:15 PMInvestment Management Corp. of Ontario announced the weighted average return of its clients' funds was a net 5.4% in the year ended Dec. 31.
BofA: Most managers bullish on economy, markets
April 14, 2021 01:50:15 PMMacro and market optimism among the global investment community remains quite high, with most investors bullish on the economy.
Absa shuts $6 billion mutual fund, sparking spinoff speculation
April 14, 2021 01:34:38 PMThe closure of South Africa's biggest money market mutual fund has rekindled speculation that Absa Asset Management may be up for sale.
Bernard Madoff dies in prison
April 14, 2021 11:22:50 AMBernard L. Madoff, the money manager who admitted to running the largest Ponzi scheme in history, died Wednesday.
BayerInvest taps BlackRock to run ESG-focused private debt allocation
April 14, 2021 10:12:54 AMS&P Global holds fast on New Jersey’s long-term debt rating
April 13, 2021 03:33:57 PMNew Jersey's finances received another boost after S&P Global Ratings affirmed its BBB+ rating on the state's outstanding long-term debt.
New York University revamps options for 5 DC plans
April 13, 2021 03:20:53 PMRiverside County adds BlackRock bond fund, drops Templeton fund
April 13, 2021 02:11:32 PMRaytheon latest sponsor to sue AllianzGI over enhanced return strategy
April 13, 2021 11:18:38 AMRaytheon sued Allianz Global Investors alleging mismanagment of a strategy used in one of the company's pension funds.
Temasek, BlackRock partner to launch carbon-cutting funds
April 13, 2021 12:10:12 AMTemasek and BlackRock plan to launch late-stage venture capital and early growth private equity funds to speed up decarbonization.
KKR lifts out 3 to focus on clean energy infrastructure
April 12, 2021 03:41:33 PMKKR & Co. added three former Capital Dynamics team members to increase its focus on clean energy infrastructure investing.
European manager AUM rises to record $12.7 trillion in 2020
April 12, 2021 02:10:45 PMBuoyant markets in the second half of 2020 bolstered European money manager AUM to a record $12.7 trillion at the end of the year.
GPIF treads water as ESG picks up pace
April 12, 2021 11:38:43 AMThe Government Pension Investment Fund had charted a course for sustainable investing, but is now treading water when it comes to ESG.
Alternative investment funds faced liquidity squeezes in COVID-19 crisis and 2019
April 12, 2021 11:33:19 AMEuropean alternative investment funds recorded a drop in valuations amid the COVID-19 crisis, following liquidity constraints in 2019.
UAE’s Mubadala may join $12 billion Aramco Oil Pipelines deal
April 12, 2021 10:37:08 AMMubadala may join a group investing in Saudi Aramco's oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.
Ameriprise inks $850 million deal to acquire BMO’s EMEA business
April 12, 2021 07:37:16 AMAmeriprise Financial signed a definitive agreement to acquire BMO Financial Group's EMEA money management unit in an $850 million deal.
Q1 2021 money manager M&A activity summary
April 09, 2021 03:57:15 PMTwenty eight money management deals took place in the first quarter of 2021. In the first quarter of 2020, there were nine transactions. Assets under management involved in the latest quarter's transactions totaled $1,262 billion, down 45% from $2,294 billion in the previous quarter.
Q1 2021 legal overview report
April 09, 2021 03:54:52 PMDuring the first quarter of 2021, 30 ERISA-related lawsuits were filed and/or updated. Each instance represents the involved parties either reaching a settlement or filing an appeal, or a court decision was made. The parties involved in the ERISA lawsuits in the first quarter included 10 financial firms, two health care-related firms, two universities, and prominent companies such as Johnson & Johnson, Raytheon Co., General Electric Co., Intel Corp., Mercedes-Benz U.S. International Inc., and IBM, whose case was reviewed by the U.S. Supreme Court.
Florida Senate bill seeks to close state pension plan to most new hires
April 09, 2021 12:27:25 PMFlorida's Senate approved a bill that would close the Florida Retirement System Pension Plan to most new hires starting in mid-2022.
Texas County commits $30 million to third China-focused venture fund
April 08, 2021 02:02:36 PM