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The median state pension last year had 70% of the assets needed to meet promised benefits, up from 69.2% in 2013.
October 14 -
BlackRocks revenue increased 2.1% to $2.91 billion from the same period last year as the firm brought money into most of its products.
October 14 -
Tax planning will increasingly become an operational risk for asset managers, according to new research report by PwC, a risk spurred by operational and compliance demands.
October 13 -
BlackRock is rolling out its first impact-labeled U.S. mutual fund. In the nascent world of impact investing -- backing profitable companies trying to produce social and environmental good -- it is a milestone.
October 13 -
John Brynjolfsson, after creating an $80 billion asset management business at Pimco and a $1 billion hedge fund on his own, will downsize to a $16 million mutual fund during the next stage of his career.
October 12 -
Investors added the most money to municipal bond mutual funds since January as state and local government bond yields fell to the lowest level in five months.
October 12 -
Promoting long-standing tax-managed funds to advisors will first require an educational effort about tax strategies on the part of asset managers.
October 9 -
Bill Gross claims he was wrongfully pushed out as the bond giants chief investment officer by a cabal of executives seeking a bigger slice of the bonus pool.
October 8 -
Blackstone Group is expected to pay $39 million to settle claims stemming from a U.S. regulator's probe into whether private equity firms put their own interests ahead of investors'.
October 7 -
Reflecting the global ambitions of Asian asset managers, South Korean-based Mirae Asset Management this summer quietly expanded its stateside presence, hiring four wholesalers across the country.
October 7