Pinnacle West Capital will pay $7 million to settle allegations that it violated federal law by shortchanging certain retirees by using outdated mortality data in calculating payment formulas.

Paul Kelly, formerly of DWS Group, has joined Bain Capital as chief operating officer of the firm’s credit business.

The board of the $558.2 billion California Public Employees’ Retirement System, Sacramento, approved the measure to support the legislation during a July 16 offsite in Monterey, Calif.

House Republican leaders’ plan to pass three industry-backed crypto regulatory measures appeared to be back on course after President Donald Trump said he had convinced holdout conservatives to move ...

Private markets can withstand geopolitical shocks and individual investors want to benefit from this, Blue Owl Capital’s James Clarke said.

Harvard warned that the combined cost of federal actions against the school, including a recently passed tax increase on its endowment, could approach $1 billion annually.

Thanks to the cold logic of index investing, Vanguard is now the biggest backer of Strategy, the software firm that reinvented itself as a proxy for bitcoin.

Hedge funds were able to weather markets during the second quarter, posting returns of 3.8% on average during a volatile first half of 2025.

Goldman Sachs Group said Rishi Sunak, the former U.K. prime minister, has rejoined the firm as a senior adviser.

Global Infrastructure Partners has closed on $25.2 billion in commitments for its Global Infrastructure Partners V fund.

U.S.-based alternative asset manager Blackstone and Canadian pension fund Public Sector Pension Investment Board, Montreal, are reportedly among the parties interested in acquiring part or all of ...

Kenneth Pontarelli, partner, managing director and global head of sustainable investing at Goldman Sachs Asset Management will retire at the end of the year.