Why Private Equity Is Building an Arsenal of Giant New Funds
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
News
Wells Fargo A.M. Taps Joseph Sullivan for CEO Amid Rebranding
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Sweden’s AP1 Returns 11% in First Half of 2021
The $50 billion pension fund was aided by a strong Stockholm Stock Exchange.
CalSTRS Earns Record Annual Return of 27.2%
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
Why Morgan Stanley Thinks These Stocks Are the Bomb
The Wall Street house gives its semi-annual picks on what can do well in any economy.
AustralianSuper CEO Ian Silk to Step Down
Chief Risk Officer Paul Schroder has been tapped as Silk’s successor
Private Equity Sees Record-Breaking Dealmaking in First Half of 2021
With $580 billion in new deals already, EY says the industry is on pace for its first trillion-dollar year.
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
CIO Summer Hiring Continues to Sizzle
Sammons Financial, Aspen Insurance, and Insigneo are the latest firms to appoint new CIOs.
Investment Firm CEO Gets 5 Years in Prison for Securities Fraud
L-R Managers co-founder Donald LaGuardia has also been ordered to pay $6.6 million in fines and restitution.
TexPERS Returns 4.6% in Fiscal 2020
The performance falls well short of the pension funds’ benchmark and assumed rate of return.
Big Tech Is Too Expensive? Don’t Believe It, Says Cooperman
The billionaire investor thinks high P/Es now offer a better deal than in the future, when they’ll rise more.
Report: Fat From Funding, Corporate Pensions May Want to Hibernate
Now is a good time for well-funded DB plans to think about a hibernation portfolio, according to NISA.
Global Equities Spur Endowment Index 6.17% Higher in Q2
Its performance just beat the 6.11% gain posted by a 60/40 stock/bond portfolio.