The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Asset Management Culture
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
With $580 billion in new deals already, EY says the industry is on pace for its first trillion-dollar year.
Federal and US trade deficits will eventually do a number on the greenback, says the Bond King.
Greater data in the asset class will go a long way, says a Willis Towers Watson report.
The airline struck a deal with five unions to convert a ground crew pension into a defined contribution plan.
Board members at the beleaguered pension fund withdrew their call for a vote of termination at Friday’s meeting.
The country’s 328 firms saw an aggregate 424.7% increase in income from a year earlier.
The board members are asking that a vote of no confidence be called at Friday’s pension board meeting.
The new unit will be led by Nadine Chakar, head of State Street Global Markets.
The supply chain and machine learning company is looking to cut costs in the growing warehouse and logistics sector.
Current CIO W. Preston Hutchings will leave later this year after more than 15 years at the post.
The pension plan just completed its 2021 fiscal year as of March 31.
The endowment’s assets doubled under the CIO Lifetime Achievement Award winner’s guidance.