Scott Hayward will take the helm of the value-investing firm come February 13.
Mubadala Development Company and International Petroleum Investment Company will join forces as Mubadala Investment Company.
Portfolio strategist David Lee has been named acting director following the retirement of Greg Kulka.
The hedge fund-of-funds’ investment team will remain intact, while the annual SALT conference will be spun out.
Tony Malloy has succeeded John Kim who was elected as the insurer’s president last year.
Securities that outperformed in positive mood periods are not likely to do well in negative mood seasons, according to research.
Only a small percentage of the world’s 11,000 hedge funds merit institutional capital, says Cambridge Associates—but the few good ones still bring “real value.”
Jason Matz will oversee the $448 million foundation as well as four independent funds making up Arbor Philanthropy.
John St. Hill will work directly with CIO Mark Fawcett in the newly created position.
Recommendations for this year’s list of rising stars in the industry will be accepted until Feb. 20.