Latest News

Invesco to cut 850 jobs at OppenheimerFunds after acquisition

MONEY MANAGEMENT

MONEY MANAGEMENT

Invesco plans to start cutting 850 jobs at an OppenheimerFunds' Denver office, once its acquisition of the firm is complete next quarter.
Hedge fund launch total at lowest level since 2000, HFR says

ALTERNATIVES

ALTERNATIVES

An estimated 561 hedge funds were launched in 2018, the lowest number since 2000, Hedge Fund Research says.
Kraft Heinz DC participants file suit over company stock decline

Courts

Courts

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.
Trump to nominate Stephen Moore to Federal Reserve Board

Washington

Washington

President Trump said he will nominate Stephen Moore, a visiting fellow at the Heritage Foundation, for a seat on the Federal Reserve Board.
Public fund employees are big fans of auto enrollment – survey

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Some 77% of government employees said they would stay in a DC plan if auto enrolled, a survey indicated.
BlackRock buys specialty alternatives software provider for $1.3 billion

MONEY MANAGEMENT

MONEY MANAGEMENT

BlackRock agreed to acquire alternatives investment software provider eFront from private equity firm Bridgepoint.
Fiera Capital to buy Integrated Asset Management for $74 million

MONEY MANAGEMENT

MONEY MANAGEMENT

Fiera Capital Corp. is acquiring Integrated Asset Management Corp. for $74 million.
Activist investor's fight with Korea Inc. isn't over after Hyundai loss

GOVERNANCE

GOVERNANCE

As more investors mimic Paul Singer's activist approach, the nation's conglomerates are increasingly engaging with minority shareholders.
VC firms see more unicorn exits, higher values in 2018, Pitchbook says

ALTERNATIVES

ALTERNATIVES

Venture capital firms exited 33 portfolio companies valued at $1 billion or more, totaling $76 billion, in 2018, according to PitchBook.
Caisse de Depot buys minority stake in Hilco Global

Investments

Investments

Caisse de Depot et Placement du Quebec acquired a 27% stake in Hilco Global, a financial services firm based in suburban Chicago.
Biggest Malaysia state fund weighs first exchangeable bond sale

MONEY MANAGEMENT

MONEY MANAGEMENT

Malaysia's biggest state-owned fund manager is considering its first sale of exchangeable bonds to raise funds for overseas investments.
Richard Baker to step down as MFA leader

ALTERNATIVES

ALTERNATIVES

Richard H. Baker will step down from his roles as president and CEO of the Managed Funds Association, effective Dec. 31.
SEC votes to improve public company disclosure, simplify BDC offerings

REGULATION

REGULATION

The SEC voted to simplify disclosure requirements for public companies, investment consultants and money managers and streamline BDC rules.
San Diego City Employees sets new allocation to managed futures

PENSION FUNDS

PENSION FUNDS

San Diego City Employees' Retirement System created a new 4% allocation to managed futures as part of its 8% opportunity fund allocation.
Aberdeen Standard Investment takes 5% stake in Gresham House

MONEY MANAGEMENT

MONEY MANAGEMENT

Aberdeen Standard Investments agreed to acquire 5% stake in public equity manager Gresham House.