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BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.
Granite Services International adds BlackRock option to replace PIMCO Total Return
trueGranite Services International Inc. is adding the BlackRock Core Bond Fund as an investment option in its 401(k) plan.
BlackRock names new DC chief; Castille to be chief retirement strategist
trueAnne Ackerley was named head of BlackRock’s U.S. and Canada defined contribution business, replacing Chip Castille who has been appointed to the new position of chief retirement strategist.
New Hampshire commits to co-investments with BlackRock, terminates PIMCO
trueNew Hampshire Retirement System, Concord, committed $150 million to a private equity co-investment strategy managed by BlackRock Private Equity Partners. The pension fund also terminated PIMCO from a $200 million active domestic core-plus fixed-income portfolio.
Money managers to redraw battle plans after SEC nixes batch of nontransparent ETFs
trueActive fund managers will have to redraw battle plans in their years-long push to bring new products to exchanges after regulators delivered a public rebuke to two proposals for so-called “non-transparent” ETFs.
BlackRock's AUM down 2% in quarter; fixed income leads inflows
trueBlackRock's assets under management totaled $4.525 trillion as of Sept. 30, down 2% from three months earlier but up 10% from a year ago, said an earnings statement released Wednesday.
BlackRock names new iShares head for Asia Pacific region
trueSusan Chan, a Hong Kong-based managing director with BlackRock, has been appointed head of iShares Asia Pacific.
PennPSERS allocates $900 million total to 3 managers
truePennsylvania Public School Employees' Retirement System committed $500 million to BlackRock's Market Advantage II fund, hired Radcliffe Capital Management to run $300 million in a long-only defensive credit strategy and committed up to $100 million to Angelo Gordon's AG Core Plus Realty Fund IV.
BlackRock appoints head of multiasset strategies for Asia Pacific
trueEdward Bang joined BlackRock on Tuesday as head of multiasset strategies Asia Pacific. Also, Andrew Landman, Sydney-based head of institutional client businesses, has taken on the added role of head of the firm's alternatives investment strategy group for the Asia-Pacific region.
$45.4 billion in retirement assets affected by HP split announcement
trueHewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.
PIMCO's loss could be these fund companies' gain
truePacific Investment Management Co.'s CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder William H. Gross.
BlackRock adds asset-backed securities director
truePeter Winning was named a director in asset-backed securities at BlackRock
BlackRock names head of consultant relations team for Asia ex-Japan
trueSteven Rust, a director on BlackRock’s global consultant relations team, was appointed the team’s head for Asia ex-Japan.
BlackRock seeks overhaul of corporate bond trading market
trueBlackRock has called for an overhaul of the U.S. corporate bond trading market, saying the current system is “broken” and hurts those that borrow through the market.
Institutional investor coalition calls on governments for climate-change policies
trueA group of 347 global asset owners and other institutional investors representing $24 trillion in assets — including CalPERS, CalSTRS, BT Pension Scheme and BlackRock — called on government leaders worldwide to phase out subsidies for fossil fuels and move to carbon pricing to facilitate ...