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.
Newsmakers
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.
Oregon PERS Appoints Executive Director
An internal candidate will take over the top job when the current chief retires, while the University of Florida has appointed a new CIO.
Bill Gross Quits PIMCO to Join Janus
The PIMCO founder and “bond king” will join Janus Capital on Monday.
US Public Pension Shortfall Triples in Under a Decade
State and municipal pension funding levels have declined rapidly since 2004.
Hedge Funds, Six Years After Lehman
Despite the near-collapse of western banking and the subsequent avalanche of regulation, the hedge fund sector is growing solidly.
Harvard Names New Endowment Head, Underperforms Peers in 2014
The fund’s head of public
markets Stephen Blyth has been tapped to replace outgoing CEO Jane Mendillo.
Private Debt’s Gathering Clouds
Growing trend or missed opportunity? CIO Europe looks outside public markets to check if there is still value to be had.
Picking Pockets in the Dark
Do you know how much you're paying to trade? Ralph Frank, CEO of Charlton Frank, wants to throw some light on the subject.