BlackRock, Fidelity and State Street have joined other firms in affirming that they would pay for employees' abortion-care travel expenses.
Executives of OCIO managers said their existing and prospective clients are pushing them to include more diverse money managers and more ESG and DEI.
In response to strong client demand, outsourced CIO managers are developing new investment strategies or enhancing existing approaches.
Quant manager Quest Partners hired Michael Harris as president, replacing Prashant Kolluri, who is moving to an advisory role.
Qi Wang was promoted to CIO of portfolio implementation at PIMCO; she also oversees analytics, and data structure and delivery.
State Street, PIMCO, Blackstone and other large asset managers said they would pay for employees' travel expenses related to abortion care.
Fidelity Investments is building out a new diversifying solutions unit to meet client demand for alternative investment strategies.
BlackRock is broadening its shareholder voting choice program to include more investors.
Alec Litowitz will step down as CEO of Magnetar Capital and be replaced by David Snyderman, who will assume the role of managing partner.
Niamh Taylor joined Shonfeld Strategic Advisors as its first head of EMEA, part of the hedge fund firm's expansion plans.
Vanguard is rapidly closing in on BlackRock in institutional AUM, with higher growth rates in many key investment strategies, P&I survey data show.
Westwood Holdings Group will buy alternatives manager Salient Partners for $35 million in a deal that will close by the end of the year.
Hedge fund firms are considering ESG launches but obstacles include mismatches between quick-moving hedge fund trades and slow ESG progress.
Balyasny will host 26 summer interns through ATLAS Fellows, which provides underresourced students with four years of college tuition.
Texas County & District Retirement System committed an additional $6 million to two venture capital funds managed by Shine Capital.
Franklin Resources CEO Jenny Johnson has more acquisitions in mind, especially managers in new regions, wealth managers and tech companies.
BlackRock continues to push for a clean-energy transition that could take 20 to 30 years, Larry Fink said at an MSCI climate conference.