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Banks get two more years to divest private equity, hedge funds under Volcker rule
trueBanks will have two more years to divest themselves of private equity and hedge funds to comply with a Dodd-Frank Wall Street Reform and Consumer Protection Act provision known as the Volcker rule.
3 BlackRock veterans head to Asia in iShares reshuffle
trueGeir Espeskog, a BlackRock managing director and the firm's head of iShares for the Nordics, has been named iShares head of distribution for the Asia Pacific region, part of a broader reshuffle of BlackRock's iShares lineup that will bring a New York-based director to Tokyo and a London-based ...
FSOC designates MetLife as 'systemically important'
trueMetLife Inc. was designated a non-bank systemically important financial institution by the Financial Stability Oversight Council on Thursday.
Boise 457 plan taps Lincoln Financial as new provider
trueBoise (Idaho) Governmental 457 Deferred Compensation Plan hired Lincoln Financial Group as bundled provider.
PIMCO adds global equity portfolio manager
trueGiles Money joined PIMCO as a senior vice president and portfolio manager focused on global growth equity strategies.
Aegon Asset Management, La Banque Postale to form partnership
trueAegon Asset Management and La Banque Postale Asset Management entered into discussions to form a strategic money management partnership that will see Aegon take a 25% minority stake in LBPAM.
AlphaMetrix to pay $5.6 million in penalties, restitution for diverting rebates
trueAlphaMetrix will pay a $2.8 million penalty and an additional $2.8 million in restitution to participants in its commodities trading pool for taking rebates that were to be reinvested into its pools and diverting the assets to AlphaMetrix’s parent company, as part of a settlement approved Tuesday ...
Kohler Co. adds Vanguard, American Beacon options to 401(k) plan
trueKohler Co., Kohler, Wis., is adding three passive investment options managed by Vanguard Group and an active domestic large-cap value equity collective trust managed by American Beacon Advisors to the investment options lineup of its 401(k) plan.
Energy Spectrum Capital closes seventh fund at $1.225 billion
trueEnergy Spectrum Capital closed its Energy Spectrum Partners VII with $1.225 billion, hitting its $1.2 billion hard cap for limited partner commitments and surpassing its $1 billion target.
MetLife Investment Management hires managing director for investor service team
trueAmy Cummings was named managing director of the investor services team at MetLife Investment Management.
Voya Investment Management appoints head of U.S. institutional sales
trueKen Sarafa was named senior vice president and head of U.S. institutional sales and relationship management at Voya Investment Management.
Man Group to add leveraged loan manager Silvermine Capital to stable
trueMan Group agreed to acquire Stamford, Conn.-based leveraged loan manager Silvermine Capital Management, the latest of four deals to expand its presence in the U.S.
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business
trueJ.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New Zealand, Japan and Singapore.
McKinsey: Strong money manager growth buoyed by non-traditional strategies
trueThe global money management industry has seen very strong growth since the financial crisis, although more specialized approaches have been more successful than traditional money management approaches, said a report from management consulting firm McKinsey & Co.
BlackRock: Global ETP assets to double to $6 trillion over the next 5 years
trueIn its Global ETP Landscape 2014 Year in Review, BlackRock says it sees the exchange-traded products market doubling to $6 trillion in assets over the next five years.