Minority Alts Firm Preserver Partners Names New CIO
Caroline Lovelace succeeds the company’s founder, Floyd Tyler Jr., who passed away in January.
News
PRT Sales Set New Q1 Mark at $6.3 Billion
Early data for Q2, including an $8.05 billion transfer by AT&T, keep buy-outs in 2023 far ahead of last year’s pace.
Ohio STRS Board Approves 1% Cost-of-Living Adjustment
The teachers’ pension fund also delays increasing the minimum years of service to be eligible for retirement benefits.
New Jersey Division of Investment Hires Head of Private Equity
Dana Johns takes the job after working as senior portfolio manager of private equity for Maryland’s state pension fund.
Union Warns Pension Funds to Be Wary of Private Equity-Backed PRT Insurers
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.
AI Application ChatGPT Beats Stock Market, Study Says
Researchers found that investing using ChatGPT analysis produced a return of more than 400% during a time period that saw the market average decline.
When the Fed Stops Hiking, What Happens to the Stock Market?
Since 1980, the S&P 500 has tumbled an average of 21.4%, after rate increases, Comerica’s Lynch finds.
Australian Super Funds Advocate for Board Gender Diversity
The ACSI will consider recommending that its members vote against current leadership at companies where women comprise less than 30% of the board.
Wells Fargo Agrees to Pay $1 Billion to Settle Pension-Led Lawsuit
Mississippi’s public employees' fund, a Louisiana sheriffs’ fund and the state of Rhode Island were among the lead plaintiffs.
When Will the Gold Rally Lose Momentum?
The metal’s price is way up, but it tanked after the resolution of the 2011 federal default crisis and could face further volatility this year.
SEC Staff to Provide Recommendations on AI Regulations, Says Chairman Gensler
AI has been a topic of interest for Gensler lately, and this likely marks the first confirmation that the SEC is already working on the issue.
AI Will Send Profits Skyward Over the Next 10 Years, Goldman Says
Artificial intelligence-fueled productivity should expand margins by 4 percentage points, the firm projects, but it won’t happen right away.
CalPERS Seeks Investment Director
The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.
Chamber of Commerce Sues SEC to Stop Stock Buyback Disclosure Rule
The business advocacy group says the SEC is trying to deter stock buybacks by making them more time-consuming, not trying to protect investors.
Nominations Open for 2023 NextGens – Deadline June 5
The NextGen program recognizes the future leaders in institutional investing.