Advisors Asset Management Taps Clifford Corso as CIO
He leaves Insight Investment to oversee nearly $40 billion in assets
Manager Selection
AIG CIO Douglas Dachille to Step Down
The insurance giant has tapped Deputy CIO Geoff Cornell to helm its $350 billion investment portfolio.
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.
Diversity Efforts at Private Equity Firms Have a Long Way to Go
More institutional investors are calling for equity and inclusion, but challenges remain in disclosures and transparency.
CFA Institute Launches Certificate in ESG Investing
The program, backed by the UN PRI, aims to help professionals integrate ESG factors into the investing process.
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.
New York City Comptroller: Ax Rule Forcing Private Equity to Pay Legal Bills
Mandate now forces PE operators to cover their own litigation tabs in disputes, instead of passing along the costs to NYC pension fund investors.
Private Equity Firms Expect Wave of M&As in Second Half of 2021
The increased pace of COVID-19 vaccinations and the specter of a capital gains hike are expected to spur activity.
Breaking News: Kentucky Retirement Systems Names Steven Herbert New CIO
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
Kentucky Eyes Paying More to Fill Vacant Pension CIO Slot
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
Judge Rules Sterne Agee Analyst Complicit in NY Pension Pay-to-Play Scheme
John Paulsen planned ski trip for New York state pension fund fixed-income director in exchange for business directed to firm.
How Investment Teams Waste Their Time
It would be better spent on due diligence, instead of meaningless scut work, say Backstop and Mercer.
Yale’s Swensen to Asset Managers: Hire More Women and Minorities
The decision to track investment firms’ progress would have a ‘seismic’ shift in the industry.
Pennsylvania PSERS Freezes Apollo Global Investments over Epstein Ties
State teachers’ pension fund has more than $900 million invested with Apollo.
Software Firm CEO Indicted in $2 Billion Tax Evasion Scheme
Robert Brockman allegedly used a web of offshore entities to hide private equity income from the IRS.