T. Rowe Price Group reported $1.52 trillion in assets under management as of March 31, up 50.5% for the year and 3.2% for the quarter.
Charles de Vaulx, chairman and chief investment officer of International Value Advisers, died in an apparent suicide.
Blackstone Group appointed people to five new senior positions within its environmental, social and governance team.
Invesco reported $1.4 trillion in assets under management as of March 31, up 4% from Dec. 31 and 33.3% from the same period a year prior.
York Capital Management and Kennedy Lewis Investment Management are partnering to create a new entity dedicated to managing CLOs.
Stephen Usher was named head of distribution at Lafayette Square, a new position at the minority-owned investment management firm.
Stone Point Capital and GIC agreed to acquire Ascensus from a consortium led by Genstar Capital and Aquiline Capital Partners.
Lily Burkhart was named global head diversity and inclusion at J.P. Morgan Asset Management, replacing Tia Counts.
A survey showed global insurers have become more open to adding risk to investment portfolios as uncertainties caused by COVID-19 wane.
First Eagle Investment Management lifted out four people from Royce Investment Partners to establish its new small-cap equity team.
Sacramento County Employees rebalanced its equities and fixed-income portfolios and redeemed from a hedge fund that was on its watch list.
Kaitlin M. May was named head of global institutional management at Putnam Investments.
State Street Corp. is offering its first environmental, social and corporate governance commingled cash collateral reinvestment strategy.
Data show the most diverse group of employees hold lower-level roles in money management firms, while those at the top are less diverse.
IPI Partners, a joint venture of ICONIQ Capital and Iron Point Partners, closed its second infrastructure fund at $3.8 billion.
Bernard L. Madoff, the money manager who admitted to running the largest Ponzi scheme in history, died Wednesday.
Lindsey Apple was named proxy voting and engagement lead at Mirova U.S., a subsidiary of Natixis Investment Managers.