Mohamed El-Erian, the Cheesecake Factory, and Gross’ last days at PIMCO.
The private equity firm agreed to take over Russell Investments and its $266 billion of managed assets from the London Stock Exchange by the first half of 2016.
US corporate funds would need at least an 8.4% gain in the fourth quarter to make up for recent heavy losses, according to Milliman.
CalPERS will engage with coal companies about climate change risks after a bill was signed into law this week.Headlines
The world’s biggest sovereign wealth fund is seeking to boost its presence in Asia by enhancing its real estate capability.
The former co-founder has claimed he was wrongfully pushed out of the firm and denied “hundreds of millions of dollars” in earned compensation.
A former asset manager has taken the top investment role at one of the UK’s largest health charities.Headlines
Proposed rules for securities trading in Europe could pose big problems—and costs—for fund managers.Headlines
The world’s largest private equity firm failed to reveal accelerated monitoring fees and discounts on legal fees to investors, the SEC said.Headlines
Ex-asset management CEO Patrick Fleming will oversee the $20 billion sovereign fund.