Newsmakers
TA Associates Buys Russell for $1.15B
The private equity firm agreed to take over Russell Investments and its $266 billion of managed assets from the London Stock Exchange by the first half of 2016.
Bill Gross Sues PIMCO for $200M
The former co-founder has claimed he was wrongfully pushed out of the firm and denied “hundreds of millions of dollars” in earned compensation.
UK Health Foundation Appoints CIO
A former asset manager has taken the top investment role at one of the UK’s largest health charities.
Wall Street Vet to Lead Wyoming SWF
Ex-asset management CEO Patrick Fleming will oversee the $20 billion sovereign fund.
LV Hires Former Zurich Life Chief as CIO
The UK insurer has persuaded Vince Rennie back to a full-time investment role.
Head of UK Fund Manager Group Exits Amid Rift
Daniel Godfrey has left his role at the top of the UK’s asset management industry after less than three years.
Robert Wood Johnson MD to Lead Sloan Foundation
Elizabeth Hewitt has been tapped to lead the $1.9 billion fund, replacing retiring CIO William Petersen.
Oklahoma Teachers Taps First CIO in Six Years
Kirk Stebbins, formerly at the City of Austin Employees’ Retirement System, has been hired to fill the long-vacant position at the $13.7 billion fund.
NZ’s Orr Takes SWF Association Chair
The top man at NZ Super used his appointment to urge members to embrace transparency.
Kresge Foundation Funds Talent Pipeline
The nonprofit is putting its trust—and a slice of its $3.5 billion portfolio—in the hands of local students to foster future investors.
Margin Pressures Force Managers to Think Long-Term
Fund groups are seeking to invest more in technology and better systems to improve efficiency as margins come under pressure.
Sovereign Funds Rally Against Manager ‘Super-Profits’
Opaque fee structures and inflated transaction costs became targets at SWFs' annual meeting.
Another Leader Exits Harvard Endowment
Alvaro Aguirre-Simunovic is stepping down after the $37.6 billion endowment reported modest returns.
Qatar Fund Opens NYC Office Targeting $35B US Investment
New York City has become a new home for the Middle Eastern investment giant.