Russell’s first quarter survey of 50 bond and currency managers showed that 57% foresee a return to pre-pandemic levels of economic activity next year, with 42% expecting this to happen in the first half of the year.
Nuveen Real Estate said Wednesday that it has raised an additional €50 million ($59.1 million) for its latest Europe-focused logistics real estate fund, which has already made one acquisition and has others in the pipeline.
BlackRock has agreed to pay $9.6 million to end an Employee Retirement Income Security Act class action accusing it of costing workers and retirees millions in unreasonable 401(k) plan fees and bad investment decisions, the investors said in a bid for preliminary approval of the deal.
The asset manager steered more money to stock funds last year than it intended for some individuals in a roughly $27 billion education-savings plan administered by the state of Nevada.