Infrastructure spending on projects that create jobs would provide long-term investors with a way to earn reliable, consistent returns.

State Street Corp. and Northern Trust Corp. both announced moves earlier this month to lay off hundreds of employees.

The COVID crisis stressed emerging market retirement funds, narrowing their path forward as demographic pressures loom.

SPAC launches continue at a hefty pace but most institutional investors remain on the sidelines when it comes to investing directly in them.

CalPERS and CalSTRS are wrestling with COVID-19 impact, staffing and moving their plans forward post pandemic.

Foundations argue for firms failing to meet diversity goals, the best recourse is to fire them and reallocate capital elsewhere.

Thanks to the Supreme Court, ERISA stock-drop cases remain a tough challenge for participants to even get to trial.

Tontines, with the promise of mortality credits, could attract growing numbers of clients hoping to win the pension lottery.

Jeremy Grantham warns Joe Biden's economic recovery plan will propel U.S. stocks to perilous new heights, followed by an inevitable crash.

Marques Benton joined Loomis Sayles as its first chief diversity, equity and inclusion officer.

Standard Life Aberdeen told its employees that some of them won't be getting bonuses this year.

Nuveen has become the latest money manager to sell its holdings in U.S.-sanctioned Chinese stocks.

Investor sentiment continues to be bullish, with nearly 9 out of 10 managers expecting global profits to improve over the next 12 months.

Intermediate Capital Group hired a life-sciences investment team, entering the broader health-care sector to invest in biotech companies.

Fidelity International will enter the private credit market with a team liftout from digital pan-European bank MeDirect.

Nuveen has agreed to acquire renewable energy manager Glennmont Partners, bolstering the firm's private infrastructure platform.

Global asset managers are struggling to find a foothold in $578 billion hedge fund industry, despite long-awaited policy changes.

Wells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.

BlackRock 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 Compensation Plan named two finalists in its search for a stable value manager.

BlackRock's assets under management hit a record $8.7 trillion in the fourth quarter, recording double-digit gains for the quarter and year.

BlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI.