CalPERS board members at a recent investment committee meeting pressed staff to develop a framework for evaluating AI risks ...

With some of the world’s largest investors convened at his first investment summit, Prime Minister Mark Carney leveraged Canada’s largest institutional investors and global asset managers to help ...

The SEC issued a Sept. 16 proposal to rescind its longstanding rule governing the shareholder proposal process and turn ...

The SEC issued a five-year Innovation Exemption for tokenized U.S. stocks after the Clarity Act failed a Senate procedural ...

The Retire Through Ownership Act, which creates a safe harbor for ESOP fiduciaries valuing privately held stock, passed the House by a vote of 401-14 and awaits President Trump's signature.

Kevin W. Stone will take over as managing partner of Brown Brothers Harriman starting Jan. 1, according to the global ...

Philadelphia Board of Pensions and Retirement terminated Fidelity Investments from the $180 million active global low-volatility equity portfolio it has managed for the $10.3 billion Philadelphia ...

Mercer continues to expand its private markets capabilities with the acquisition of Madrid-based AltamarCAM, a specialist private markets manager with €20 billion ($23 billion) in assets under ...

Fourth-quarter private credit defaults increased to 2.7% from 2% the previous quarter, according to Proskauer’s Private Credit Default index that tracks senior secured and unitranche loans in the U.S.

Wealth management firms are continuing to combine with consulting firms, with Creative Planning now set to acquire RVK in January.

Brookfield Asset Management's $1 billion mandate from the U.K. Nuclear Liabilities Fund shows how shifting decommissioning ...

The SEC issued a five-year Innovation Exemption for tokenized U.S. stocks after the Clarity Act failed a Senate procedural vote, with the CFTC also signaling its own crypto rulemaking.