Fidelity Forms Bermuda Reinsurance Firm Focused on PRT
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Corporate Moves
Conning Acquired by Italian Insurer Generali
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
Manulife Investment Management Names Aviva’s Colin Purdie as Public Markets CIO
He succeeds Christopher Conkey, who will step down in December after more than 13 years with the firm.
Oaktree Capital CEO Jay Wintrob to Step Down in 2024
The $172 billion alts investment manager taps Robert O’Leary and Armen Panossian as co CEOs.
Tech’s Toughest Cuts Could Draw New Talent to Asset Management
Asset managers are eyeing thousands of workers laid off by the tech industry as asset management firms build out their own capabilities.
Howard Perlow Named Angeles Investments’ 1st CEO
The investment firm also promoted David Brief to head of its OCIO practice.
Australian Super Funds Advocate for Board Gender Diversity
The ACSI will consider recommending that its members vote against current leadership at companies where women comprise less than 30% of the board.
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.
Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.
NYC Pension Fund-Led Group Strikes Deal With Apple on Workers’ Rights to Organize
Tech giant agrees to publish independent assessment on employees’ rights to unionize.
Investors Worldwide Agreed to Class Action Litigation Settlements Totaling More than $7.4 Billion in 2022
Totals rose more than 75% from 2021.
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
Microsoft Threatens Apple’s Market Cap Supremacy
Both once seen as has-beens, the two tech giants draw closer as the software firm picks up speed.
Simiso Nzima Named Head of CalPERS’ $250 Billion Global Equity Portfolio
The pension giant’s global equity program accounts for more than half of its entire asset value.
The Curious Case Against Hedge Funds in Kentucky
Missouri’s new CIO is still fighting a nearly four-year-old lawsuit in Kentucky over investments that appear to have performed as intended.