Buying the bonds now is a good arb play amid talk of lower rates in 2024, the firm believes.

Vanguard Institutional Advisory Services, its employees and clients will become part of Mercer next year.

Generally, members must complete at least five years of service to qualify, which George Santos did not.

Lower rates, domestic orientations and history could produce a turnaround, Lazard says.

The promotion is effective in early 2024, as current president William Kelly will step down but retain his status as CEO.

The allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing were recognized at the annual Industry Innovation Awards dinner.

They need to adopt and monitor artificial intelligence the right way or risk being left behind, according to the firm’s study.