BlackRock is pushing back its plans for U.S. staff to return to offices by a month to October, as COVID-19 cases rise across the U.S.
Vanguard Group is offering $1,000 to employees who get vaccinated by October.
David LaValle was named managing director, global head of ETFs at Grayscale Investments.
KKR reported $429 billion in assets under management as of June 30, up 16.9% from March 31 and 93% year over year.
Goldman Sachs Asset Management terminated Ares Capital Management and Sirios Capital Management as subadvisers for one of its funds.
Sienna Investment Managers acquired L'Etoile Properties, a Europe-focused real estate investment manager with $8.3 billion in assets.
Franklin Resources' assets under management reached $1.6 trillion as of June 30, up 4% from March 31 and 149% from a year ago.
Allianz warned of a potentially material hit to its earnings after the Justice Department opened a probe into its Structured Alpha Funds.
Spouting Rock Asset Management is taking an unspecified minority stake in money manager Glovista Investments.
Kristofer T. Kelleher was named director, client engagement, at OCIO firm Hirtle Callaghan, a new position.
Allianz Insurance Asset Management received approval to become China's first wholly foreign-owned insurance asset management company.
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.
Assets under management at Janus Henderson Group rose 6% in the second quarter, driven by strong markets and good investment performance.
Vanguard Group announced the reopening of the $120.3 billion Vanguard Wellington Fund.
Michael Heldmann was named chief investment officer for systematic equity at Allianz Global Investors.
Bill Stromberg, chairman and CEO of T. Rowe Price Group, plans to retire Dec. 31, and will be replaced by Group CIO Rob Sharps.
IM Global Partner is expanding its U.S. footprint by taking a 45% non-controlling stake in Richard Bernstein Advisors.
The number of mandates awarded to diverse-owned firms in searches conducted by Wilshire has nearly doubled since 2018.
Oaktree Capital Management made a minority equity investment in and provided a new multiyear credit facility for Galway Sustainable Capital.
Invesco showed record net long-term inflows of $31.1 billion in the second quarter, helping to push its AUM to $1.5 trillion as of June 30.
Allianz Global Investors agreed to acquire the $480 million business of PT RHB Asset Management Indonesia by the last quarter of 2021.
Robert Wall is joining Lazard Asset Management as a managing director and head of a new sustainable private infrastructure strategy, based in London.
Joseph A. Sullivan will take over as CEO of Allspring Global Investments, the new name for Wells Fargo Asset Management.
Blackstone recorded $684 billion in assets under management as of June 30, up 5.6% from March 31 and 21% year over year.