Latest News

Vanguard founder John C. Bogle dies

Money Management

Money Management

John C. Bogle, founder of Vanguard Group and creator of the index mutual fund, died at the age of 89.
Fortune 500 board diversity shows improvement, study finds

Governance

Governance

The number of Fortune 500 companies whose boards are more than 40% diverse has more than doubled in six years.
New York state comptroller urges companies to participate in Disability Equality index

ESG

ESG

New York state Comptroller Thomas P. DiNapoli asked 49 of the largest U.S. firms to report on their inclusion of people with disabilities.
Meketa acquires Pension Consulting Alliance

Consultants

Consultants

Meketa Investment Group agreed to acquire Pension Consulting Alliance for an undisclosed sum

Searches and Hires

Searches and Hires

Los Angeles Fire & Police Pension System committed a total of up to $56.2 million to three alternative investment funds.
Theresa May's government survives no-confidence vote

Brexit

Brexit

The U.K. government narrowly avoided a vote of no confidence following the defeat of Prime Minister Theresa May's Brexit deal a day earlier.
University of California assets fall $9 billion in market rout

Endowments

Endowments

Stock market turmoil in the fourth quarter hit the University of California's retirement and endowment assets, which fell $9 billion.
Beacon Capital Partners closes value-added real estate fund at $1.58 billion

Alternatives

Alternatives

Beacon Capital Partners closed Beacon Capital Strategic Partners 8 at $1.58 billion, plus $220 million in co-investments.
BNY absorbs severance costs as investment management, wealth assets drop 6%

Money Management

Money Management

BNY Mellon reported AUM in its investment and wealth management units fell 6% in the fourth quarter compared to the third quarter.
BlackRock's AUM down for the quarter, year

Money Management

Money Management

BlackRock had $5.976 trillion in assets under management as of Dec. 31, down 7.3% from three months earlier and 5% lower than a year earlier.
AP4 divests nuclear weapons, oil sand stocks

ESG

ESG

AP4 has divested 3 billion Swedish kronor that was invested in equities of nuclear weapons and oil sand companies from its portfolio.
D.E. Shaw Investment Management adds co-CIO

HEDGE FUNDS

HEDGE FUNDS

Ruvim Breydo was promoted to the role of co-CIO at D.E. Shaw Investment Management.

ALTERNATIVES

ALTERNATIVES

Funds SA hired a former director of the Future Fund's private equity team to lead its private equity and infrastructure investments.
Goldman Sachs assets under supervision drop 1% in quarter to $1.54 trillion

Money Management

Money Management

Goldman Sachs reported its asset and wealth management businesses saw assets under supervision slip 1% in the fourth quarter.

MONEY MANAGEMENT

MONEY MANAGEMENT

Principal Global Investors tapped a Beijing Jiumu Capital executive as the first managing director of its Beijing representative office.