An appeals court upheld a federal judge's ruling rejecting a lawsuit that faulted American Airlines' management of a 401(k) plan.
Canadian defined benefit plans posted positive investment returns in the second quarter thanks to strong global equity markets.
San Bernardino County Employees' Retirement Association returned a preliminary net 33% in the fiscal year ended June 30.
Participants in a MetLife 401(k) plan argued in a suit that MetLife Group and others breached their fiduciary duties in managing the plan.
Brent Gledhill was named president of William Blair, replacing John Ettleson.
Heitman closed three private funds, raising about $3.15 billion in capital commitments to real estate and private debt investments.
Jennifer Brown was named partner and global head of consultant relations at Adams Street Partners.
Michael Swell, partner and head of global fixed-income portfolio management at Goldman Sachs Asset Management, plans to retire at year-end.
Smith College is seeking a director of investments for the college's new in-house investment office.
Guillaume Mascotto was named managing director, head of environmental, social and governance strategy at Jennison Associates.
Carlyle Group and Mubadala Investment Co. acquired minority stakes in global financial services firm Apex Group.
Idaho Public Employee Retirement System returned a net 27.6% for the fiscal year ended June 30, just shy of its benchmark.
Melda Mergen was named global head of equities at Columbia Threadneedle Investments, effective Oct. 1.
QIC recruited three new executives to its private debt team — Evan Nahnsen, Lindsay Scully and David Spiez.
Jamie Hammond was named deputy CEO, head of distribution for Europe, the Middle East and Africa at iM Global Partner, a new position.
A Bank of America survey shows investors are far less bullish on global growth and profit expectations.
Guy Prochilo was named global head of client services at Nuveen, a new position.
Yu "Ben" Meng was named executive vice president and chairman of Asia Pacific at Franklin Templeton.
FutureProof, a new technology startup, helps investors calculate and manage the financial risks of real assets linked to climate change.
Asset owner and money management executives share their summer reading choices.