Icahn Takes on ‘Severely’ Underperforming AIG
The activist investor joins John Paulson in calling for the insurer to spin off its life and mortgage insurance divisions into independent public companies.
Newsmakers
Ex-PIMCO Equities CIO Opens Consulting Firm
Virginie Maisonneuve and four former PIMCO equity managers have joined together to launch Maisonneuve Global Advisors.
Amlin CIO Takes on Retail Investment Role
Insurance investment chief Jayne Styles has added another string to her bow in the form of a non-executive position.
Strategic Investment Solutions Merges into Verus
The two consulting firms’ deal marks the second major merger in the crowded OCIO provider space.
Future Fund Poaches AP4 Equity Chief
Björn Kvarnskog will move to Australia in the New Year to oversee A$39 billion in equity investments.
Sustainable Power
Can the most influential asset owners save the world?
Danish Giant Acquires Financial Services Pension
A $3 billion pension for Denmark’s financial services industry is to become part of PFA from 2016.
Lehigh University Endowment CIO to Retire
A former Bain Capital managing director will take over in the interim while the private college finds a permanent successor.
Fidelity Folds Pyramis into New Institutional Provider
Say hello to Fidelity Institutional Asset Management, a creation consolidated from Pyramis and several other divisions.
UK Consultant Shake Up: Two In, One Out
JLT Employee Benefits and Buck Consultants see senior staff changes, while Redington hires to enter the DC market.
Cleveland Clinic Creates Internal CIO Role
The Annie E. Casey Foundation’s Stefan Strein has been appointed to lead the $13 billion foundation.
Carnegie Mellon Endowment Seeks Deputy CIO
The newly created director of investments role will run the $1.25 billion endowment’s private markets program.
Fortress Liquidates Flagship Hedge Fund
The investment firm announced it would close the $2.3 billion Fortress Macro fund after losing more than 17% this year.
Red Cross CIO Dismisses Top Two Staffers
A total of three investment team members will depart under new foundation chief Greg Williamson, CIO has learned.