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Wilshire Funds Management's CIO resigns
trueCleo Chang, chief investment officer of Wilshire Funds Management and a managing director at Wilshire Associates, resigned.
T. Rowe Price's AUM up 3.5% on strong target-date fund growth
trueT. Rowe Price Group reported $772.7 billion in assets under management as of March 31, up 3.5% from three months earlier and up 8.6% from a year earlier.
BNY Mellon's AUM gains 2% in quarter, 7% for year
trueBank of New York Mellon reported $1.74 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of March 31, up 2% from three months earlier and 7% higher than a year prior, the company reported in its earnings statement Wednesday.
Aviva Investors adds U.K. equities fund manager
trueSimon Young joined Aviva Investors as U.K. equities fund manager.
Northern Trust reports 2.8% AUM gain in quarter
trueNorthern Trust Corp. reported $960.1 billion in total assets under management as of March 31, up 2.8% from three months earlier and 4.9% from a year earlier, said its first-quarter earnings release Tuesday.
Lexington Capital Partners VIII closes at $10.1 billion
trueLexington Partners closed its latest private equity secondary market fund, the $10.1 billion Lexington Capital Partners VIII, hitting its hard cap after 15 months in fundraising.
Nordea Asset Management hires institutional business director
trueDavid Crawford was named director, institutional business at Nordea Asset Management.
TIAA Henderson Real Estate appoints head of Asia-Pacific business development
trueCarsten Kebbedies was named head of business development, Asia-Pacific for TIAA Henderson Real Estate in Singapore.
BlackRock taps Japan Post chief as its new country head for Japan
trueYoshiyuki Izawa was named chairman, representative director and country head of Japan at BlackRock, effective May 18.
AMP Capital appoints head of distribution for U.K. and Europe
trueJohn Angell was named head of distribution for the U.K. and Europe at AMP Capital, said a spokeswoman for the firm.
Aegon USA Investment Management names head of distribution
trueTom Neukranz joined Aegon USA Investment Management as head of distribution, a news release said.
Morgan Stanley's assets inch up 1% in quarter, 5% for year
trueMorgan Stanley Investment Management reported $406 billion in assets under management as of March 31, up 1% from Dec. 31 and up 5% from a year earlier, parent company Morgan Stanley's earnings statement Monday showed.
Voya Financial taps former Great-West president as CEO of retirement
trueCharles P. Nelson was named CEO of retirement for Voya Financial, effective May 1.
Comparing money manager CEO pay
trueSee fives years of CEO pay data from 15 leading publicly-traded asset management firms.
Money managers are easing U.K. allocations
trueExecutives at global money managers and pension funds are adjusting their exposure to U.K. assets and to sterling, as election fever and the uncertainty it brings begin to take hold.