P&I employees were recognized by the American Society of Business Publication Editors with two regional awards.

Two employees of McLane Company Inc. filed a lawsuit in a Waco, Texas, federal court alleging ERISA violations.

Lena Krupalnik was named the top investment executive at Israel's sovereign wealth fund.

Money market funds targeting European clients have quietly been reclassifying their legal status to market themselves as promoters of ESG.

The U.K. government wrote to the largest money managers asking them to engage with cladding companies following a London fire.

The Financial Stability Oversight Council issued a proposal that would improve its ability to oversee non-bank financial institutions.

Miami Firefighters' and Police Officers' Retirement Trust created a new target for core infrastructure and increased its target to private debt.

The global hedge fund industry saw net inflows of $9.1 billion in the first quarter, the first such positive flows since the first quarter of 2022.

Mitsubishi UFJ Financial Group is seeking to acquire alternative asset managers as more client money flows into non-traditional investments.

Norway's Government Pension Fund Global returned 5.9% in the first quarter, driven by positive equity market returns and currency movements.

The recent woes at SVB and other banks are unlikely to spread, but banks will likely face increased regulations, said AlTi's CIO Nancy Curtin.

OneDigital and other "aggregators" are looking to buy the retirement businesses of regional banks.

Alecta recorded a 3.9% return in the first quarter despite losses from U.S. bank exposures.

Fund managers have grown more bearish after several months of increased optimism as expectations of a credit crunch cause more aversion to risk.

Emerging market stocks offer higher growth prospects and diversification to institutional portfolios, said Matthews Asia CEO Cooper Abbott.

Norges Bank Investment Management' CEO Nicolai Tangen warned that volatile markets could last for a few years.

Institutional investors are shifting their focus from inflation and interest rate concerns to growth expectations, said Breckinridge’s CIO.

Blackstone, other alternatives firms pursued retail investors — and now are rationing exits.

Blackstone, KKR, Starwood and other non-traded REITs prompt investors to look for new secondary market exchanges

United Nations sustainable development goals "are slipping from our grasp" in an increasingly flawed global financial system, a top U.N. official warned.

My529, a Utah-based 529 plan, said the banking crisis has not affected its comfort in working with two banks to offer FDIC-insured accounts.

U.K. GDP growth was flat in February, below consensus estimates and down from January figures, as worker strikes weighed on output.

Credit portfolio managers are concerned about global credit deterioration and see a recession as a strong possibility by the end of the year.

Brad Johnson was hired as head of private credit for the New Jersey Division of Investment.