12/04/2014

BNY Mellon brings activist on board

In a breakthrough for activist investors, Bank of New York Mellon has invited into its boardroom a shareholder known for hounding corporate America.

12/04/2014

Legal & General launches U.S. index fund arm

British insurer Legal & General has launched a U.S. index fund management business, the U.S. unit said, as it looks to capture some of the growing U.S. passive fund market.