Audax Group closed its latest mezzanine debt fund, Audax Mezzanine Fund V, at $1.85 billion, exceeding its fundraising target.
Australia's securities regulator is probing Westpac Banking over insider trading, just months after it settled money laundering charges.
The Texas House passed a bill requiring the state's pension funds to stop investing in firms that plan to divest from fossil-fuel companies.
Berkshire Hathaway Vice Chairman Greg Abel was publicly named as the likely successor to CEO Warren Buffet, but is he up to the job?
Exxon Mobil has spent a lot to return cash to shareholders over the years.
Lockheed Martin has changed its DC lineup to simplify choices, add equity exposure and encourage retired employees to keep assets in-plan.
Institutional investors are encouraged that new SEC Chairman Gary Gensler has a track record of getting controversial things done.
Aggregate assets, liabilities and funded status rose for the 100 largest plans in 2020 as the average discount rate plummeted.
Impact investing may seem ready for prime time, but large institutional investors' limited participation remains an obstacle.
Ares Management reported assets under management rose 5.1% in the first quarter and 39.4% for the year to $207.2 billion.
Ares Management Corp. closed its latest European direct lending fund at $13.2 billion, exceeding its target and reaching its hard cap.
Alex Oh, who was named head of the SEC's enforcement division last week, abruptly resigned, a setback for new Chairman Gary Gensler.
A U.S. District Court judge ruled in favor of Aon Investments USA in a fiduciary breach lawsuit filed by Foundation Resolution Corp.
Arconic Corp. agreed to purchase a group annuity contract to transfer about $1 billion in U.S. qualified pension plan liabilities.
Blackstone Group appointed people to five new senior positions within its environmental, social and governance team.
Since September, Morningstar's stock has gained more than 50%.
Record keepers are racing to roll out adviser managed accounts to satisfy RIAs clamoring for the new product.
U.S. regulators are considering tougher disclosure requirements for investment firms in response to the implosion of Archegos Capital.
Ares' dividend recapitalization of portfolio company DuPage Medical has drawn criticism from Moody's.
Two participants in a Kimberly-Clark Corp. 401(k) plan sued the company and plan fiduciaries, alleging breaches of fiduciary duty.
Ares' new Pathfinder fund seeks to earn returns for investors and donate to charity.
Investors are pushing to have ESG issues highlighted by the COVID-19 crisis linked to executive compensation.
Institutional investors are warming to the idea of investing in digital assets.