A U.S. District Court judge rejected most arguments by Omnicom Group to dismiss an ERISA complaint alleging fiduciary breaches.
An alternative cryptocurrency revenue-raising plan could replace a current section in the forthcoming Senate infrastructure bill.
CTS Corp. agreed to purchase a group annuity contract from Legal & General America to transfer its U.S. pension plan liabilities.
Omar Jahidi was appointed director of investments in the Middle East and North Africa for Saudi Arabia's wealth fund.
Lockheed Martin purchased group annuity contracts from Athene Holding Ltd. to transfer about $4.9 billion in U.S. pension plan liabilities.
IDEX Corp. purchased a group annuity contract from Legal & General to transfer the remaining liabilities of its U.S. pension plan.
Allianz warned of a potentially material hit to its earnings after the Justice Department opened a probe into its Structured Alpha Funds.
China's securities regulator called for talks with the SEC after it increased disclosure requirements for IPOs of Chinese companies.
MSCI agreed to acquire Real Capital Analytics for $950 million in cash.
U.K. pension funds with $174 billion in combined assets called on other asset owners to commit to improving fund manager diversity.
Goldman Sachs Group is betting that prime retail and office space in Europe's top capitals still has a bright future.
Federica Calvetti was named head of ESG and strategic activism at Eurizon, the asset management company of Intesa Sanpaolo Group.
Defined contribution experts in the U.K. warned the government not to move too quickly in its push to consolidate smaller DC plans.
The Carlyle Group reported $276 billion in AUM for the second quarter, a 6.2% increase from March 31 and up 24.7% from a year ago.
Credit Suisse sought to assure investors that the bank will "learn all the right lessons" from the fiasco at Archegos that cost it billions.
Online trading platform Robinhood Markets fell as much as 7.9% after raising $2.1 billion in an IPO priced at the bottom of market range.
Assets under management at Janus Henderson Group rose 6% in the second quarter, driven by strong markets and good investment performance.
A workplace emergency savings "opt-out" research program being launched by NEST Insight is being supported by BlackRock and MAPS.
Vanguard Group announced the reopening of the $120.3 billion Vanguard Wellington Fund.