House Republicans passed a bill to raise the debt ceiling and cut spending that has little chance of passing in the Senate.

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.

The Labor Department issued guidance to address frequently asked questions for multiemployer plans receiving special financial assistance.

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

A SIFMA survey showed median gross domestic product growth estimated at 0.2%, while the Federal Reserve projected 0.4% growth.

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.

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.

The U.K. Pensions Regulator called on pension fund trustees to put in place appropriate buffers to manage LDI arrangements.

Western European cities still dominate when it comes to green finance, but U.S. and Asian cities are catching up as New York moves into second place.

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.

Emma Davies was named CIO of Guy's & St Thomas' Foundation, replacing Ethan Hall.

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

Funding status through 2022 may have improved, but there are potentially some unexpected outcomes for pension plan sponsors in 2023.

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.

Blackstone reported $991.3 billion in assets under management as of March 31, a 1.7% increase from Dec. 31 and up 8.3% from a year earlier.

Pension funds and endowments account for nearly half of private credit fund investors, according to the International Monetary Fund.

CDPQ has recently moved into its new London office as it deploys C$15 billion in private markets across Europe.

AP2 terminated three managers in the first quarter of the year as it exited its China A-shares investments.

Morgan Stanley's CEO is on the prowl to acquire wealth and investment management firms.

Link Fund Solutions, which runs the closed LF Woodford Equity Income Fund, agreed to provide up to $292 million in damages to investors.

Two House Republicans are pressing the PBGC about its response to potential improper payments within the Special Financial Assistance Program.