Invesco plans to start cutting 850 jobs at an OppenheimerFunds' Denver office, once its acquisition of the firm is complete next quarter.
An estimated 561 hedge funds were launched in 2018, the lowest number since 2000, Hedge Fund Research says.
A class-action lawsuit was filed on behalf of Kraft Heinz Food Co. DC plan participants over a decline in the price of company stock.
President Trump said he will nominate Stephen Moore, a visiting fellow at the Heritage Foundation, for a seat on the Federal Reserve Board.
Some 77% of government employees said they would stay in a DC plan if auto enrolled, a survey indicated.
BlackRock agreed to acquire alternatives investment software provider eFront from private equity firm Bridgepoint.
Fiera Capital Corp. is acquiring Integrated Asset Management Corp. for $74 million.
As more investors mimic Paul Singer's activist approach, the nation's conglomerates are increasingly engaging with minority shareholders.
Venture capital firms exited 33 portfolio companies valued at $1 billion or more, totaling $76 billion, in 2018, according to PitchBook.
Caisse de Depot et Placement du Quebec acquired a 27% stake in Hilco Global, a financial services firm based in suburban Chicago.
Malaysia's biggest state-owned fund manager is considering its first sale of exchangeable bonds to raise funds for overseas investments.
Richard H. Baker will step down from his roles as president and CEO of the Managed Funds Association, effective Dec. 31.
The SEC voted to simplify disclosure requirements for public companies, investment consultants and money managers and streamline BDC rules.
San Diego City Employees' Retirement System created a new 4% allocation to managed futures as part of its 8% opportunity fund allocation.
Aberdeen Standard Investments agreed to acquire 5% stake in public equity manager Gresham House.