Donald Trump’s advisers are encouraging him to nominate a temporary Federal Reserve governor to fill the soon-to-be vacant seat on the central bank’s board.

Eleena Melamed and Gaby Vogel have been named as head of strategic partnerships and head of distribution strategy at Baron Capital.

Millennium Management has entrusted $250 million with a Seoul-based hedge fund firm to invest in Korean listed companies.

The Carlyle Group reported record assets under management of $465 billion as of June 30 and underscored the capital it is returning to private equity investors.

Legal & General’s leadership team feels “pretty good” about the private markets players entering an already competitive U.K. pension risk transfer market, and is confident that a slow U.S. environment ...

The pension risk transfer covers the benefits of all 6,500 plan participants who were previously employed by Sedgwick Group.

Pension funds are intrigued by the possibilities of AI, but they're treading carefully at the moment.