Bill Gross’ New Boss
Enrique Chang's promotion to president and head of investments brings fixed income, equities, and alternatives primarily under his leadership.
Newsmakers
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.
Pension Insurance Corp. Recruits Hedge Fund Specialist
The $18 billion UK insurer has appointed Paul McCauley to oversee its alternatives portfolio.
Redington Appoints New CEO
The consulting firm’s co-founders will step down as chief executives when Director of Strategy Mitesh Sheth takes the role April 5.
LSE and Deutsche Börse Confirm Merger
The deal will create one of the biggest stock exchange groups in the world, as well as combining Europe’s top index providers.
Alaska Permanent Drives to Rebuild Leadership Team
With NJ’s ex-pension chief the latest hire, two senior vacancies remain: Private markets deputy and CIO.