Officials from 21 states sent letters to BlackRock, Vanguard and other firms about ERISA risks from using ESG factors in investing and proxy voting.

Daniel Veiner was named as head of markets within BlackRock’s global markets and index investments unit, which houses the $12.53 trillion asset manager’s markets, liquidity and financing, and ...

KKR completed a $6.5 billion fundraise, including $5.6 billion in KKR Asset-Based Finance Partners II and nearly $1 billion from separately managed accounts focused on the same type of investments ...

Institutional investors are making tactical portfolio changes in response to Trump’s trade, tariff policies.

Franklin Electric Co., Fort Wayne, Ind., purchased a group annuity contract from Prudential Life Insurance Co. to transfer about $30 million in U.S. pension plan liabilities.

Ventura County (Calif.) Employees’ Retirement Association posted a preliminary net return of 11.8% for the fiscal year ended June 30.

The greatest benefit arising from the trade deal agreement between the U.S. and the European Union is the removal of uncertainties, asset managers said.

Institutions own about 78% of the market value of the U.S. broad-market Russell 3000 index, and 80% of the large-cap S&P 500 index.

Educational unions are calling on the two university systems to reevaluate investments in Sequoia Capital following an employee's remarks attacking New York City mayoral candidate Zohran Mamdani.

BlackRock is pouring record amounts of money into U.S. political campaigns this year as the asset-management giant faces mounting scrutiny over its size and advocacy of sustainable investing.

Blackstone reported a record $1.2 trillion in assets under management as of June 30, up 13% from $1.07 trillion a year ago.