Biotech doesn’t typically fail in the lab. It fails later — after early promise and before approval — when the cost of proving a drug works comes up against a funding system built for an earlier stage ...

Companies that manage investments for their pension plans in-house face a thankless job. The costs are high, the profits are low, and the rewards are limited. So Nokia USA shed its in-house pension ...

When Kathleen Vogelsang was tasked with building the Van Andel Institute’s investment office from the ground up in 2005, she had a desk, a computer, and $465 million in cash. Twenty years later, she’s ...

A brutal selloff of public business development companies has left investors struggling with a stark question: Are steep discounts signaling that a wave of defaults is coming or has fear run ahead of ...

Greenlight Capital, the value-driven long-short hedge fund, was up 4 percent in January, compared with just a 2.7 percent gain for the S&P 500 and a 1.6 rise for the Nasdaq Composite. The hedge fund ...

KKR & Co. is deepening private equity inroads into the world of individual investors. KKR, co-founded by Henry Kravis in 1976, announced Wednesday that it has invested in iCapital Network and that ...

Another public allocator has gone over to the private sector: Steven Meier, former chief investment officer for New York City’s $309 billion pension funds, has joined Neuberger Berman in an advisory ...

Bank of New York Mellon Corp.?tops Institutional Investor’s roster of the World’s ¬Largest Global Custodians for a fourth consecutive year, having increased its assets under custody and administration ...

Sovereign wealth fund Qatar Investment Authority will invest $25 billion in Goldman Sachs Asset Management funds and direct investments, building on an existing arrangement. QIA will also become an ...

The value of Stan Druckenmiller’s U.S. stock portfolio shrank by about 20 percent in the first quarter, to approximately $2.94 billion, according to his Duquesne Family Office’s recent 13F filing.

Hand it to Ryan Packard. Two years after being named one of ten Institutional Investor Hedge Fund Rising Stars, he is still a manager worth watching. The founder of Hiddenite Capital Partners was up ...

Despite Fidelity dominating the defined contribution recordkeeping space and ranking among the biggest asset managers, its outsourced chief investment officer business is still a little-known blip on ...