Conflicting trends of asset outperformance and risk driven by increasing workplace disability claims are expected to affect the funds, according to S&P Global.

The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.

Quantitative hedge funds are hiring staff to trade bets on sporting and political events, but winning the trust of institutional investors will be a big challenge.

Citing the economic and political climate and ‘steadily declining’ long-term returns among Ivy League peers, the school is shifting its investment strategy to focus from growth.