The Canadians Are Coming: Fifth Pension Opens NYC Office
PSP—a $84 billion Canadian pension—is the latest fund to set up shop south of the border.
Newsmakers
Korea Investment Corp Chairman Quits
Hongchul Ahn has left the sovereign wealth fund a year before his term was due to end.
UAW Trust Hires S. Carolina Pension Head as CIO
Hershel Harper, recently CIO of South Carolina’s public pension, will succeed Ken Frier.
PIMCO Loses Product Management Chief
Wendy Cupps, one of Bill Gross’ alleged ousters, will retire after two decades at the Newport Beach, California-based firm.
Sunsuper Hires First-Time Asset Owner as CIO
An executive with consulting firm JANA will take the helm of the $23 billion fund.
What Hedge Fund Managers Make in a Bad Year
Investors are on track to lose money in hedge funds this year—and pay managers an average $1 million each for their services, recruiting data show.
Russell Appoints UK Fiduciary Head as Market Builds
A major provider of OCIO has appointed a chief to spearhead its business in the UK and Ireland.
Amundi Targets €2B IPO
Europe’s biggest asset manager aims to float on the Euronext exchange in Paris later this month.
Ontario Teachers’ Ex-CIO Joins Asset Manager
Neil Petroff is now vice-chair of boutique Canadian firm Northwater Capital Management.
Commonfund Hires Former CalPERS, BT CIO
Mark Anson is to lead the endowment and foundation investor beginning next year.
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.
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.