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Hedge fund manager Deimos Asset adds 2 managers
trueJon Withaar and Steven Deitch joined multistrategy hedge fund manager Deimos Asset Management as managing directors and portfolio managers.
Supreme Court hears arguments in securities lawsuit jurisdiction case
trueThe Supreme Court heard arguments Tuesday in a case challenging whether investors can sue in state courts for securities violations.
Franklin Square recruits liquid alternatives head
trueGreg Bassuk was named managing director and head of liquid alternative strategies at Franklin Square Capital Partners.
BlueBay closes second lending fund at 2 billion euros
trueBlueBay Asset Management completed the fundraising of its Direct Lending Fund II in less than one year, closing at €2 billion ($2.1 billion), which was its revised target.
BlueCrest to return client capital, change to private partnership
trueBlueCrest Capital Management will return $8 billion to external investors, many of them institutional investors, as the firm transitions to being a family office over the next few months.
AllianceBernstein loses head of multiasset business development for EMEA
truePatrick Rudden, head of multiasset business development for Europe, the Middle East and Africa at AllianceBernstein, has left the firm.
Aberdeen assets down 12.5% in year ended Sept. 30
trueAberdeen Asset Management's assets under management fell 12.5% in the year ended Sept. 30, to £283.7 billion ($430.2 billion) and 7.7% for the three months to that date, as the group continued to suffer from negative sentiment toward emerging markets.
Prince William County Public Schools sticks with Lincoln Financial
truePrince William County Public Schools, Manassas, Va., rehired Lincoln Financial Group as bundled provider for its $523 million 403(b) plan and $16 million 457 plan.
Calamos continues fighting after another change at top
trueCalamos Investments LLC has seen its second leadership change in three years.
SEC management enforcement unit evolves into respected watchdog
trueAs the Securities and Exchange Commission celebrates the fifth anniversary of an enforcement unit dedicated to the money management industry, people inside and out of the agency say the unit has led to a better understanding — and scrutiny — of that industry to the benefit of investors.
Filings tell tale of PIMCO fund drain
trueThe PIMCO Total Return Fund lost nearly a third of the assets allocated to it by plans among the 100 largest U.S. corporate DC funds during 2014, new data show.
Fort Worth Employees terminates 2 managers
trueFort Worth (Texas) Employees' Retirement Fund terminated two managers, said Joelle Mevi, executive director and chief investment officer, in an e-mail.
UBS Asset Management combines 3 businesses into one unit
trueUBS Asset Management has reorganized three of its divisions into one, said an internal memo obtained by Pensions & Investments.
Active ETP assets up 29% year-to-date
trueAssets in active exchange-traded products rose 29% year-to-date through October, to $32.9 billion, according to data released Tuesday by ETFGI.
New Jersey to disclose 5-year history of fees, performance data
trueNew Jersey State Investment Council, which oversees the policies governing the $79 billion New Jersey Pension Fund, has voted to report a five-year history of fees and performance data for the pension fund’s investments.