BlackRock, the world’s largest fund manager, will lodge multiple votes against ExxonMobil at its annual shareholder meeting on Wednesday as it flags concern over the oil company’s failure to make progress on its climate change targets. BlackRock will vote against the...
At a time when Americans are increasingly concerned about their long-term financial future, BlackRock is announcing a ground-breaking solution designed to provide millions of American workers with simplified access to lifetime income throughout their retirement. In a...
Carlyle Group Inc. is spinning out its sub-Saharan African team to a new company formed by the managers of its $700 million regional fund, according to a person with direct knowledge of the matter. The alternative asset manager is hiving off the fund after deciding...
The New Jersey Division of Investment, which makes investments for the New Jersey Pension Fund, Trenton, committed up to $225 million to private equity funds for the pension fund. The division made the disclosure at a meeting Wednesday of the State Investment Council,...
Consultants have urged asset managers to up their game in private equity, debt and infrastructure for years — and now they are doing so, a survey by asset management consultancy Alpha FMC has shown Over half of Britain’s asset managers are planning to launch... 