Forty Under Forty Nominations Open
Recommendations for this year’s list of rising stars in the industry will be accepted until Feb. 20.
News
Former HP CIOs Join OCIO Firm
Ken Frier and Gretchen Tai will spearhead the new west coast office of SECOR Asset Management.
Private Equity Firms Put $300B Dent in Dry Powder
Total buyout deal value fell by $90 billion despite record levels of investor capital.
Private Equity Lawyer Tapped for SEC Chief
President-elect Donald Trump intends to nominate Jay Clayton to lead the US financial regulator.
Norges Bank Appoints Asset Management CIO
Former portfolio management chief Geir Øivind Nygård has been named head of asset strategies at the Norwegian sovereign wealth fund.
Ironworkers In Cleveland to Vote on Whether to Reduce Benefits
Iron Workers Local 17 Pension Fund is the first multiemployer plan to win approval from the Treasury Department to reduce benefits.
Future of Social Security Benefits in Question
SS benefits are on par for a 31% reduction by 2029, CBO reports.
Ex-NY Common Fund Director Charged for Pay-to-Play
Navnoor Kang, the former director of fixed income and head portfolio strategist, allegedly accepted bribes of luxury vacations, prostitutes, and drugs.
UPS’s Greg Spick Voted Next Generation Winner
Nearly 100 asset owners cast ballots at the Influential Investors Forum to name the industry’s top young leader.
Platinum Partners Hedge Funds Charged with Fraud
Founder Mark Nordlicht and others were arrested Monday after misrepresenting performance and liquidity to fund investors.
Farmers Insurance Taps New CIO
Tom Rogers joins from Zurich Insurance, succeeding Karyn Williams.
16 Signs You Were a CIO in 2016
Risk management started to mean, “How will my portfolio perform in a Mad Max Beyond Thunderdome scenario?”
Impact Investments Surpass $35 Billion
Assets grew by more than $10 billion in the last two years, with the bulk committed to private debt, found the Global Impacting Investing Network.
Moody’s Downgrades Asset Management Industry for 2017
Struggling active management performance and continued fee pressures were to blame for a negative outlook.
Are Large Equities Allocations Holding Back Pension Funds?
Closing funding gaps will require fewer liquid investments and more private assets, according to Cambridge Associates.