Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
John Paulsen planned ski trip for New York state pension fund fixed-income director in exchange for business directed to firm.
It would be better spent on due diligence, instead of meaningless scut work, say Backstop and Mercer.
The decision to track investment firms’ progress would have a ‘seismic’ shift in the industry.
State teachers’ pension fund has more than $900 million invested with Apollo.
Robert Brockman allegedly used a web of offshore entities to hide private equity income from the IRS.
The fund has also taken a minority equity stake of less than 10% in the firm.
The partners will invest up to $190 million in combined equity into the project.
Irene Holmslykke has been named as the new CEO of the Danish asset manager.
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Mercer-Backstop alliance allows asset allocators to kick the tires on investments remotely.
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.
Lawsuit alleges the transport company’s executives overstated the residual value of its fleet.
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.