The High School Breakup
Bill Gross and PIMCO's breakup has been one of the ugliest in the industry. What are the ramifications?
Newsmakers
Letters to the Editor: October Issue
Applause from asset owners on CIO's fifth birthday, and... not-applause on coverage of pay-to-play accusations from the AFL-CIO's president.
The World’s Least Powerful Asset Owner
So who is the world’s least powerful asset owner? You have the blueprint. Give me a name.
PGGM to Cut 200 Jobs
The giant pension fund investor is to be streamlined for efficiency.
Carl Icahn: Apple Is Too Cheap
The billionaire investor urged the company to repurchase shares now using its $113 billion cash pile.
Bond Manager Questions Rating Agencies Over ‘Unsound’ Judgement
Could credit rating agencies be returning to their pre-crisis ways? One bond manager thinks so.
AP1 Splits External Portfolio, Reshuffles Management
Third-party mandates for Sweden’s first national pension fund will be managed under a new structure.
Why an Ivy League MBA Won't Get You a Job in Alts
The London Business School has recorded the highest percentage of alumni working in hedge funds, asset management, and private equity, according to eFinancialCareers.
Management Fees Fuel Jump in Wall St. Bonuses
Even as trading revenue shrinks, securities industry bonuses have hit a post-crisis high of $165,000 on average.
Oaktree Capital Revamps Leadership Structure
Howard Marks and Bruce Karsh will split the chairman role, while an AIG executive is to become the firm's first-ever CEO.
LDI Specialist Cutwater to Fold into BNY Mellon
The financial giant has inked an agreement to purchase Cutwater, which has $23 billion under management.
As Gross Joins Janus, Key Man Risk Examined
With Bill Gross set to start managing money at Janus Capital today, Fitch has outlined how it assesses key man risk.
AQR’s Asness: Prices Are Too High—But It’s Not All Bad
AQR has warned of asset prices near historic highs, but doesn’t think it means a crash is imminent.
What Will the Gross Exit Cost?
Moody’s has put a price on the departure of PIMCO’s “bond king” for parent company Allianz.
New Chiefs for Danish Pensions
The autumn brings new staff rosters for large Danish pension investors.