The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Foreign exchange—the largest, most liquid financial market globally—has been reinvigorated by two underpinning currency alpha strategies: momentum and carry, per analysis by Aspect Capital.
The award is in honor of Nobel Prize-winning economist Harry Markowitz, who died last June at age 95.
The former Morgan Stanley vice chairman, deputy secretary of state and ambassador to Israel will lead the firm’s client relations.