Rising rates and volatility favor active management, while high cash rates put pressure on fees as year-end evaluations are made.

They need to adopt and monitor artificial intelligence the right way or risk being left behind, according to the firm’s study.

Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.

Paula Steed, general manager of strategy and shared services, will follow Matt Whineray and serve as acting chief executive of the $41.2 billion fund.

The company removed from its human rights policy statement a passage pledging to respect workers’ rights to unionize after workers at a subsidiary voted to form a union.

The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.

Thus far this year, the recovery is muted, a McKinsey study finds.