Watch breaking news videos and read news updates about Money Management on pionline.com
Blackstone Group assets climb 2.2% for quarter, 24.5% for year
trueBlackstone Group reported Thursday a record $271.7 billion in assets under management as of March 31, up 2.2% from Dec. 31 and up 24.5% from a year earlier.
GSAM assets under management up 4% in quarter
trueGoldman Sachs reported $956 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of March 31, up 4% from three months earlier and up 11% from a year ago, according to its first-quarter earnings statement issued Thursday.
Bain Capital closes 11th fund at $7.3 billion
trueBain Capital closed its 11th North American private equity fund with $7.3 billion, which includes an $800 million investment by Bain executives.
Morgan Stanley reports 2% AUM increase for quarter
trueMorgan Stanley Investment Management reported $382 billion in assets under management as of March 31, up 2% from Dec. 31 and up 12% from a year earlier.
BP Pension Trustees appoint interim CEO
trueDavid Rix was named interim CEO of BP Pension Trustees.
Victory Capital acquires Munder Capital, will form new firm
trueVictory Capital Holdings is acquiring Munder Capital Management for an undisclosed amount.
BlackRock's AUM up 2% for quarter on $26.7 billion in net inflows
trueBlackRock's assets under management totaled $4.401 trillion as of March 31, up 2% from three months earlier and up 12% from a year ago, according to an earnings statement released Thursday.
Portfolio managers pessimistic on credit default, survey finds
trueThe outlook for credit defaults has worsened considerably in every global market since the end of 2013, according to a survey from the International Association of Credit Portfolio Managers.
Avenue Capital, Fortress co-founders part of group buying NBA's Milwaukee Bucks
trueThe National Basketball Association's Milwaukee Bucks will be sold to a group that includes Avenue Capital Management's Marc Lasry and Fortress Investment Group co-founder Wesley Edens for $550 million.
Natixis appoints head of business development
trueNicholas Elward was named senior vice president, head of business development at Natixis Global Asset Management.
BNP Paribas adds new institutional position
trueCynthia Sweeney Barnes was appointed head of global segments and Europe, the Middle East and Africa, at BNP Paribas Investment Partners.
St. Joseph, Mo., seeks manager, custodian for 2 transit plans
trueSt. Joseph, Mo., is searching for an investment manager and custodian for its two transit employee pension funds.
INTECH hires managing director for consultant relations team
trueAdam Craig was named managing director, consultant relations, at INTECH Investment Management, said spokeswoman Ciara Brinkmann.
T. Rowe Price taps Ashmore veteran for senior institutional sales role
trueDavid Frazer joined T. Rowe Price in Sydney in a senior institutional sales and relationship role, with the title of relationship management, Australia and New Zealand.
BNY Mellon names Economist editor as investment strategist for Asia
trueSimon Cox joined BNY Mellon Investment Management in Hong Kong as a managing director and investment strategist for the Asia-Pacific region.