A default is unlikely, but congressional negotiations to raise the debt ceiling are likely to go down to the wire, said PIMCO's Daniel J. Ivascyn.

Ibstock Pension Scheme insured $236 million in liabilities through a second buy-in with Just Group.

Former Intech executive Leanne Schmitt was hired by Star Mountain Capital as a managing director.

BCI's report for 2022 tracked its progress toward net-zero emissions and other ESG related matters.

Safeway Pension Scheme insured $1.7 billion in liabilities through a buy-in with Rothesay Life, its second with the insurer.

The challenging markets in 2022 were long overdue, said Aswath Damodaran of the Stern School of Business at the Morningstar Investment Conference.

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

A federal judge dismissed for a second time a lawsuit by former Microsoft Corp. employees who questioned offering a BlackRock target-date series.

Ontario Teachers' Pension Plan has scrapped its Asia equity team based in Hong Kong, resulting in five job cuts.

Michelle Dunne was named managing director and head of institutional sales at River and Mercantile.

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

Europe's finance industry is gearing up to fight the passage of an ESG bill, after it won early backing from European Union lawmakers.

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.

PPG Industries Inc. purchased a group annuity contract in March to transfer $309 million in U.S. pension plan liabilities to insurance companies.