PIF is a unique institution, with a mandate to drive Saudi Arabia’s economic development and diversification while also generating sustainable financial returns.

Caroline Pham, acting chair of the CFTC, will join cryptocurrency firm MoonPay once her replacement is confirmed.

Chris Eckerman was named vice president, direct and co-investments at the $60 billion Texas Permanent School Fund.

The Maine Public Employees Retirement System, Augusta, reduced its fossil fuel investment exposure to 5.4% of total system assets for the fiscal year ended June 30, down from 6% for the year-ago ...

Ken Griffin’s Citadel is establishing an office in Dubai, becoming one of the last major hedge fund holdouts to set up shop in the United Arab Emirates.

BlackRock’s Alex Shingler plans to leave in early 2026 after 18 years with the world’s largest asset manager, where he’s co-head of income investing in the multiasset business.

San Antonio Fire & Police Pension Fund terminated two international equity managers due to performance concerns.

A federal magistrate judge in Jacksonville, Fla. has rejected a $2.3 million class-action settlement offered by Nemours Foundation to participants in its 403(b) plan, saying the agreement failed to ...

BlackRock, State Street Investment Management and J.P. Morgan were among the firms approved to launch dual share classes.

Bridgewater Associates founder Ray Dalio and BlackRock are joining a growing list of companies and wealthy individuals who are putting money into one of President Donald Trump’s signature programs.

A House committee advanced a bill that would exempt fixed-income securities from an SEC rule on certain broker-dealer quotes.

Principal Financial Group is withdrawing from another pension business in Hong Kong as the U.S. financial services firm seeks to cut administrative costs, according to people familiar with the matter.