Newsmakers
Hartford HealthCare CIO Firing Blindsides Investment Committee
Panel members cite ‘friction’ between ousted CIO David Holmgren and the medical organization’s management.
International Fraud Ring Member Convicted in Scheme Targeting Hedge Fund
Mustapha Raji is found guilty of siphoning $1.7 million from a New York City hedge fund.
Norwegian Sovereign Wealth Fund Adds 9 Firms to Exclusion List
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
Lisa Woll to Step Down as CEO of US SIF
Korn Ferry has been hired to help the organization find a new leader after 16 years.
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.
North Carolina Treasurer Considers Running for Governor in 2024
The relatively moderate Dale Folwell could face Trump-supporting Lieutenant Governor Mark Robinson in the GOP primary.
Helmsley Charitable Trust CIO Rosalind Hewsenian to Retire at End of 2023
Director of Investments Joshua Fenton will succeed as head of the $8.3 billion philanthropic fund.
Dalio’s Magic Number for Tanking the Economy
At a 4.5% benchmark interest rate, economic growth will start to suffer, hedge fund guru says.
Janus Henderson Sued for Allegedly Favoring Its Own Funds in 401(k) Plan
Class action lawsuit claims firm loaded its retirement plan with high-fee, underperforming proprietary funds.
Glen Point CIO, Founder Charged With FX Manipulation, Fraud
Prosecutors allege that Neil Phillips artificially drove the dollar-rand exchange rate lower to trigger a $20 million option payout.
US State Treasurers and NYC Comptroller Respond to Anti-ESG Efforts
Letter criticizes short-term thinking that ‘imposes an ideological screen on an investment manager’s ability.’
Prudential Names Don Guo Group CIO
Guo joins the insurance giant from Catalina Holdings, where he was CIO of Asia and Europe.
Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Directors Guild Pension Hires USC’s Edgar Smith to be First CIO
Smith, a hedge fund and U.S. equity expert, has been a critical part of the University of Southern California’s endowment.
