Artificial Intelligence: 2 Sides of the Same Allocation Coin
The increased agility available in public markets might provide more value than the higher-return expectations in private markets.
News
FINRA Enforcement Cases Fell in 2025, While Settlement Volume Rose
One case against Robinhood was responsible for year-over-year gains in settlements.
Journal of Investment Management Recognizes 2025’s Best Papers
Among other awards, the Harry M. Markowitz Award was presented to Thomas M. Idzorek, Paul Kaplan and Roger Ibbotson for their paper on the popularity asset pricing model.
Asset Manager Consolidation Continues as Structural Shifts Reshape Industry
Fee compression, declines in fundraising, and shifting limited partner priorities are driving the spree of mergers and acquisitions.
Private Credit Solved an Asset-Liability Mismatch—Then Recreated It
The structure of retail private-credit offerings allowed investors to participate in the asset class’ yield premium without fully bearing its illiquidity cost, writes the CIO of Gramercy Funds Management.
Lawmakers Clash Over Tokenization as Congress Weighs Regulations
Wednesday’s hearing came as the Clarity Act has hit a snag in the Senate.
New Mexico’s Sovereign Wealth Fund Brings New CIO Home From Hawaii
Kristin Varela returns to her native state to lead investments for the New Mexico State Investment Council after more than three years at Hawaii ERS.
Federal Retirement Thrift Investment Board Promotes Mike Jerue to CIO
Jerue succeeds Sean McCaffrey, who retired in February after more than 10 years at the agency.
Cleveland Clinic Names Timothy Compan Interim CIO
A managing director for the fund’s credit portfolio, Compan will serve in place of the former CIO, Stefan Strein.
As Oil Prices Surge, Iran Conflict Cools Investors’ Taste for Emerging Markets
The broad effect of the war is shifting investors who were more positive on emerging markets to more neutral.
Influx of Data Weighs On Legacy Technology, Data Systems
A Macquarie Group engineer tells asset managers and investors that outdated systems can subject their organizations to risks and challenges and make it harder to integrate artificial intelligence tools.
$2.9B Bowdoin College Endowment Seeks CIO
The Brunswick, Maine-based institution seeks a successor for K. Niles Bryant.
PennPSERS Returns 11.74% in 2025, Makes $425M in Commitments in March
The fund outperformed its long-term assumed rate over the past 10 years.
OMERS Names Luca Lupo as European Infrastructure Head
Based in London, Lupo will oversee the Ontario Municipal Employees Retirement System’s infrastructure investments in Europe.
US ETF AUM Continued Rise in February
According to the London Stock Exchange Group, assets in exchange-traded funds rose to their all-time high of $14.31 trillion.