Investment consultants are looking to further diversify their client bases with more assignments from retail financial intermediaries.
John Tucker plans to take over as CIO of SSGA's global equity beta solutions business after Lynn Blake's retirement in September.
Dimensional Fund Advisors' 40th anniversary celebration brought employees together for virtual learning sessions and competitive trivia.
Carrie Peluso's responsibilities now include head of manager research for SSGA's global solutions business, replacing Dennis J. Santos.
BlackRock’s strong first quarter earnings report marks another milestone in the growth of the world’s largest manager.
Asset owners aren't changing their long-term investment plans in reaction to GameStop, Archegos and other market anomalies.
Hedge fund managers are optimistic about 2021 given market opportunities and nascent investor interest in hedge funds as a bond substitute.
BlackRock agrees to settle a long-running lawsuit alleging ERISA violations in its employee 401(k) plan with a payout of $9.7 million.
CI Financial is on an acquisition spree, having scooped up 16 U.S. wealth managers in little more than a year with more to come.
Mellody Hobson's strategic plan for Ariel Investments puts a bold spin on private equity that seeks to address racial economic inequality.
Xcel Energy contributed $125 million to its U.S. pension plans in January, marking its total minimum funding requirement for 2021.
Institutionally oriented money managers are looking for ways to gain retail market share.
Pension investment teams relied on strict rebalancing and opportunistic investing in 2020 to rebuild and grow portfolios.
Retail investors' frenzied attack on short sellers has pushed some hedge funds to rethink their strategies.
State Street Corp. and Northern Trust Corp. both announced moves earlier this month to lay off hundreds of employees.
SPAC launches continue at a hefty pace but most institutional investors remain on the sidelines when it comes to investing directly in them.
Following a year when it stressed there would be no job cuts, State Street said it plans to lay off 1,200 of its workers in 2021.
Money managers face lingering impacts from the COVID-19 fallout and myriad challenges requiring transformation of their business models.
Industry players put lessons learned from COVID-19 to work in 2021 along with a strong focus on DEI and ESG.
State Street is exploring merger and acquisition to expand SSGA's investment capabilities, sources said.