Pinnacle West Capital will pay $7 million to settle allegations that it violated federal law by shortchanging certain retirees by using outdated mortality data in calculating payment formulas.

The board of the $558.2 billion California Public Employees’ Retirement System, Sacramento, approved the measure to support the legislation during a July 16 offsite in Monterey, Calif.

Paul Kelly, formerly of DWS Group, has joined Bain Capital as chief operating officer of the firm’s credit business.

House Republican leaders’ plan to pass three industry-backed crypto regulatory measures appeared to be back on course after President Donald Trump said he had convinced holdout conservatives to move ...

BlackRock reported a record $12.53 trillion in assets under management as of June 30 buoyed by $68 billion in net inflows during the second quarter.

Private markets can withstand geopolitical shocks and individual investors want to benefit from this, Blue Owl Capital’s James Clarke said.

Harvard warned that the combined cost of federal actions against the school, including a recently passed tax increase on its endowment, could approach $1 billion annually.

Thanks to the cold logic of index investing, Vanguard is now the biggest backer of Strategy, the software firm that reinvented itself as a proxy for bitcoin.

Hedge funds were able to weather markets during the second quarter, posting returns of 3.8% on average during a volatile first half of 2025.

Justin Lord has been appointed chief investment officer of Alberta Investment Management. PG. By: Palash Ghosh. Outsourced Chief Investment Officer ...

A federal judge largely upheld Department of Labor guidance finalized in 2020 that reinterpreted the definition of a fiduciary under ERISA.

The organization is being ‘redesigned inside and out,” says CEO Andre Robinson.