Money managers and insurance firms have transferred more than $138.2 billion in assets to Europe as a result of Brexit.

Appreciating property prices and steady income have lead to returns rebounding for open-end real estate funds.

Data show the most diverse group of employees hold lower-level roles in money management firms, while those at the top are less diverse.

BlackRock hit a new AUM high of $9.01 trillion in the quarter ended March 31, buoyed by $172 billion of net inflows.

Investment Management Corp. of Ontario announced the weighted average return of its clients' funds was a net 5.4% in the year ended Dec. 31.

Macro and market optimism among the global investment community remains quite high, with most investors bullish on the economy.

The closure of South Africa's biggest money market mutual fund has rekindled speculation that Absa Asset Management may be up for sale.

Bernard L. Madoff, the money manager who admitted to running the largest Ponzi scheme in history, died Wednesday.

New Jersey's finances received another boost after S&P Global Ratings affirmed its BBB+ rating on the state's outstanding long-term debt.

Raytheon sued Allianz Global Investors alleging mismanagment of a strategy used in one of the company's pension funds.

Temasek and BlackRock plan to launch late-stage venture capital and early growth private equity funds to speed up decarbonization.

KKR & Co. added three former Capital Dynamics team members to increase its focus on clean energy infrastructure investing.

Buoyant markets in the second half of 2020 bolstered European money manager AUM to a record $12.7 trillion at the end of the year.

The Government Pension Investment Fund had charted a course for sustainable investing, but is now treading water when it comes to ESG.

European alternative investment funds recorded a drop in valuations amid the COVID-19 crisis, following liquidity constraints in 2019.

Mubadala 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 Financial signed a definitive agreement to acquire BMO Financial Group's EMEA money management unit in an $850 million deal.

Twenty 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.

During 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's Senate approved a bill that would close the Florida Retirement System Pension Plan to most new hires starting in mid-2022.