Chicago policemen’s fund returned a preliminary 24.7% for the year ended June 30, trailing its benchmark but matching it over 10 years.
Blackstone acquired an undisclosed minority stake in growth-focused private equity firm GTCR through its GP stakes business.
State Street aims to increase competitiveness in asset servicing by adding private-market coverage from the acquisition of Mercatus.
State Street agreed to acquire Mercatus to add private markets coverage to its asset-servicing platform.
MassMutual poached Andrea Anastasio from SSGA to serve as head of its $63 billion investment management solutions unit, a new role.
Minnesota's combined defined benefit plans returned 30.3% in the fiscal year ended June 30, their best return since 1983.
SSGA's AUM hit $3.9 trillion, up 8.5% for the quarter and up 27.6% for the year on long-term flows and investment gains.
BlackRock's assets under management rose 5.4% to a new record of $9.5 trillion in the second quarter despite a large investor redemption.
BlackRock took a minority stake in SpiderRock Advisors, expanding its separate account lineup for wealthy investors with options strategies.
State Street and First Abu Dhabi Bank formed a partnership to offer custodial services to institutions in the Middle East and North Africa.
Hedge fund allocations rose in the first half of 2021, as investors sought returns and diversification to offset low fixed-income returns.
Asset owner and money management executives share their summer reading choices.
UTIMCO adopted a long-term target asset allocation for endowment portfolios that ups global equity and cuts stable value.
The hedge fund launch rate in the first quarter exceeded the number of liquidations for the third consecutive quarter, with 189 new funds.
Principal Financial is focusing on fee-based businesses and cutting U.S. retail insurance and most of its retail annuity businesses.
Putnam created a new co-CIO role for its global asset allocation unit and promoted Brett Goldstein to fill the position.
Virtus will acquire credit specialist Stone Harbor Investment Partners, its 11th boutique asset manager affiliate, by year's end.
OCIO managers report increased interest from larger institutions after the turmoil of managing portfolios internally in the pandemic's wake.
Money managers and investment consultants that manage money are looking to offer and expand their mass-customization strategies.
OCIO managers had a strong year ended March 31 and continue to see high interest, especially from defined contribution plan sponsors.