Norway Adds New CIOs in Radical SWF Overhaul
The world’s largest SWF has shaken up—and doubled—its senior investment team
Newsmakers
RWC, Threadneedle Boost Institutional Teams
Two UK-based firms are growing their institutional teams in an effort to raise their profiles in this sector.
New Banking CIO for Danish Pension
One of the largest pensions in Denmark is to have its first CIO in five years.
Northern Trust Builds Out OCIO Team, Led by Pension CIO
Patrick Groenendijk is one of five senior hires for the rapidly growing division.
Steven Cohen’s Point72 Loses President
Tom
Conheeney announced his departure from the hedge fund-turned-family office
after 15 years of service.
Oregon Pension Begins Director Search
The $89 billion retirement system is on the hunt for a new leader.
Barings Hires Ex-Schroders CEO as CIO
Ken
Lambden, former chief of Schroders’ Australian business, will replace current
CIO Marino Valensise at Barings Asset Management.
Pension Systems Are Desperate for Reforms, Consultancy Says
Plan
sponsors must manage participants’ benefit expectations to contend with
diminishing financial resources, according to strategy firm EY.
JP Morgan Sells Half of Private Equity Business
The
banking giant has reached a deal with two firms to sell 50% of One Equity
Partners as it continues “pruning” unnecessary divisions.
IMF Urges SWF for China’s Casino City
Gambling
money has been flooding into Macau—and the IMF wants it managed properly.
Harvard Loses CFO Dan Shore
Shore,
who has served as the university’s finance chief for six years, is the latest
of a series of high-level financial officers to make their exits.
Ex-CEO of BP Pension Trustees Joins 300 Club
Called “a
stalwart of the UK pensions industry,” Sally Bridgeland has been inducted into
a group that challenges the current investment landscape.
Texas A&M Drops Fund Evaluation Group for LCG
The private consulting firm beat out 18 competitors to help manage Texas A&M’s $3.66 billion investment program.
SWF to Buy Out Malaysia Airlines
The
Malaysian government has said it would pay $437 million as part of a “holistic
restructuring plan” following the airline’s recent tragedies.
Manager Bonanza at CIC
The largest sovereign fund in Asia has bucked the international trend of bringing investment capability in house.