Ladies and Gentlemen, Start Your Engines: Porsche Dual-Class IPO Goes Off Seamlessly
In Germany’s largest IPO since 1996, and Europe’s largest since 2011, Porsche’s IPO hit the road running, raising €9.4 billion on 911 million shares offered.
Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
CIO Announces 2022 Asset Owner Industry Innovation Award Finalists
On December 6, we will recognize the allocators driving change and enhancing performance in institutional investing.
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Hamilton College Names Columbia’s Lauren Jacobson CIO
The managing director of the $13.3 billion Ivy League endowment will take the investment helm at Hamilton November 7.
New Co-CIOs give Fixed Income New Vigor at MFS
MFS appoints two new co-CIOs to its $94 billion fixed income division.
Voya Investment Management Names Matt Toms First Global CIO
Toms, formerly the firm’s fixed income CIO, will oversee $330 billion in assets under management.
IFSWF Admits New Members Among its Global Sovereign Wealth Fund Network
The London-based International Forum of Sovereign Wealth Funds approved one new full member and three new associate members to its global network.
If the GOP Wins Congress, What Would That Mean for Investors?
Odds are strong that Republicans will prevail in the midterms. Look out IRS and SEC.
Ray Dalio, After a Long Run, Steps Down as Bridgewater’s Chief
With 47 years heading what’s now the biggest hedge fund firm, the 73-year-old investment guru hands over control to a younger generation.
The Case for ESG Investing, From NTAM’s Sustainability Chief
Julie Moret spells out the need to screen problem investments that could blow up.
Fund for Madoff Victims Tops $4 Billion in Distributions
Justice Department says total recovery from Ponzi scheme has now covered more than 88% of losses.
Former NTAM CEO Forms New Investment Firm
New group led by Shundrawn Thomas and Anthony Hoye targets lower middle-market firms for private debt, equity and impact investments.
CIO Announces 2022 Asset Management and Servicing Industry Innovation Award Finalists
On December 6, we will recognize the firms driving change and enhancing performance in institutional investing.
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’