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DOL proposal on state plans raises concerns from providers
trueProposed rules from the Department of Labor that give the green light to states to consider creating retirement savings programs for some private-sector workers are raising concerns among service providers, from record keepers to asset managers.
BlackRock shutters global macro fund
trueBlackRock has nearly finished closing its global macro hedge fund and returning money to investors.
Long-duration bond strategies continuing its dominant ways
trueLong-duration bond strategies for the fifth consecutive quarter dominated the list of top-performing domestic fixed-income managers for the year ended Sept. 30, according to Morningstar Inc.'s separate account/collective investment trust database.
Stability of ETFs coming under renewed scrutiny
trueThe collapse of ETF prices on Aug. 24 prompted ETF providers, market makers, stock exchanges and Securities and Exchange Commission officials to begin looking at how to prevent a repeat of that day. But there's no consensus yet on what needs to be done.
BlackRock's head of transition management for Americas to retire
trueMonika Lindeman, head of transition management for the Americas at BlackRock, will retire at the end of the year, said a statement provided by a spokeswoman for the firm.
Exchanges worldwide should require companies to report uniformly on sustainability
trueWe need to level the playing field to make the ESG data that are reported more useful and to encourage reporting by companies that aren't doing so due to the lack of direction.
Managers finding new ETF niches to stake their claims
trueOver the past several months, U.S. money managers traditionally associated with active portfolio management for both retail and institutional clients have made their exchange-traded fund aspirations more pronounced.
BlackRock's institutional AUM drops 5% in quarter
trueBlackRock's assets under management totaled $4.505 trillion as of Sept. 30, down 4.6% from three months earlier and flat from a year ago, said BlackRock's earnings statement released Wednesday.
BlackRock calls for halting the stock market to avoid volatility
trueBlackRock has concocted its own remedy for days of extraordinary volatility in the U.S. equity market.
Short list seen for GE Asset Management bidders
trueGeneral Electric Co. will have little trouble finding a buyer for its asset management business, sources said, despite potential complications that aren't usually found in money manager merger and acquisition deals.
BlackRock co-president Charles Hallac dies
trueCharles Hallac, co-president of BlackRock, died Wednesday at age 50 after a nearly four-year battle with cancer.
BlackRock's head of alpha strategies to resign
trueQuintin Price will resign as a senior managing director and head of alpha strategies at BlackRock in the next few weeks. Mr. Price intends to relocate to London, where he will serve as a senior adviser to BlackRock through next summer. Afterward, he plans to retire.
Money managers launch new ETFs to satisfy demand
trueMore active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.
Publicly traded money managers not seeing asset growth
trueMoney managers reported flat and, in many cases, declining assets under management for the quarter ended June 30.
Fixed-income ETF investors staying away from ultrashort-term market
trueThe most significant money market fund reforms — floating net asset values, liquidity fees and gates — take effect in October 2016 and a pocket of the fixed-income exchange-traded fund market once expected to attract investors looking for on-demand liquidity has yet to significantly materialize.