After Member Revolt, Investor Trade Body Seeks to Rebuild
A former leader of the financial advice industry will become CEO of the Investment Association, and the figurehead of asset managers, later this year.
Newsmakers
Fraud Charges, Arrest for Ex-State Street Transition Managers
Ross McLellan and Edward Pennings are guilty of “brazen fraud” and “backroom plotting” in overcharging transition management clients, US prosecutors claim.
L&G Hires for Cross-Border De-risking
Matt Wilmington has joined to lead major projects with international clients.
Can SWFs Improve Hedge Fund Transparency?
The International Forum of Sovereign Wealth Funds will collaborate with the Hedge Fund Standards Board to improve governance, transparency, and interest alignment.
Bill Gross’ New Boss
Enrique Chang's promotion to president and head of investments brings fixed income, equities, and alternatives primarily under his leadership.
State Street to Buy GE Asset Management
The $485 million deal will increase the financial giant’s assets by $100 billion.
Mats Andersson to Receive Lifetime Achievement Award
“The need for long-term investment has never been greater than it is today,” says the AP4 chief.
Ex-CalPERS CIO to Lead Alaska Permanent
Russell Read has been named CIO, replacing Jay Willoughby.
Cornell Endowment CIO to Depart
The $6 billion endowment will choose AJ Edwards’ successor by April 15.
U. California Moving Away From DB
A new retirement program designed to cut costs will offer employees a choice between hybrid and pure defined contribution plans.
Slocum CIO Quits to Spin Out Derivatives Fund
Jon Havice and “key principals” of the consulting firm have founded an equities shop, CIO has learned.
Access to Success? More Public Pension Pools Emerge
The last few pensions have declared their plans as the UK pushes on with public fund collaboration.
Carnegie Institution for Science Appoints First CIO
The Washington-based research fund has poached the Sloan Foundation’s investment MD.
Ex-NYC CIO Larry Schloss Departs Alts Firm
After two years at Angelo, Gordon & Co., Schloss has exited his post as president.
Mercer Nabs Pension-Risk Transfer Vet
Lynn Esenwine—formerly of PRT powerhouse Prudential—will depart MassMutual after less than a year.