Famed investor, who triumphed shorting the housing market in 2008, is the latest to shift into a family office, amid hard times for hedgies.
Asset Management Culture
They’re also upping their allocations into alternatives, such as private equity and private credit, says a State Street survey.
Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.
Although he says the economy is now in a recession, Zell doesn’t think it will be as deep as expected.
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Internal audit alleges that International Association of Fire Fighters President Harold Schaitberger misreported millions of dollars in union funds.
The sustainable finance instrument has become an unlikely tool in the economic fight against COVID-19.
Low stock valuations and bond yields leave PSERS questioning next moves.
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.
Deputies Danny Firth and Jenny Buck will take over his dual roles as chief executive and investment chief at the British supermarket giant.
Scott Stringer accuses automaker of privately working against climate policies it publicly supports.
The life insurance company apparently no longer considers the DC plans integral to its business.
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Using investments to improve the world.
The Chicago firm is the latest to integrate its tools to the portfolio management software.