How BlackRock Could Scare Investors Into Selling
Academics have found investors—in fear of fire sales—migrate from stocks owned by asset managing giants, resulting in negative returns and low liquidity.
News
Yale Hits Back at Endowment ‘Hoarding’ Accusations
A New York Times op-ed and writer Malcolm Gladwell have called out Yale for spending too much on managers, and not enough on students.
AP3 CIO to Exit as Reform Looms
Kerim Kaskal will leave at the end of October to establish his own asset management firm.
Silicon Valley Raises $75B in Venture Capital, Preqin Finds
Menlo Park, California’s Sequoia Capital and New Enterprise Associates topped the list of venture capital firms, with each raising more than $10 billion over the last decade.
Apollo Is 'Deeply Undervalued’, Morningstar Says
Even with extremely conservative projections, the data firm sees Apollo as solid with sticky investors despite its weak stock price.
Asset International, Parent Company of Chief Investment Officer, Appoints New CEO
Joel Mandelbaum, formerly of Wall Street Systems, has been named CEO and President.
Market Reads Fed Hike Delay in FOMC Minutes
A September increase in US interest rates is looking too early for some.
US Manufacturer to Halve Pension Liabilities with $425M Buyout
In a market dominated by one insurer, Lincoln Electric made a rare choice in purchasing annuities from Principal Financial.
Investors Overpaying for Bad Private Equity Funds, Study Finds
Asset owners may be paying upwards of 20% of their private equity profits in carried interest—but not always for outperforming funds.
A Revamped Team for Vanderbilt Endowment
The investment office has added eight new hires over the past two years, including a CIO.
Manager Fear Number One: China
China and emerging markets fall out of favour among asset allocators following a turbulent few months in equity markets.
BNY Mellon Fined for Bribing SWF with Internships
The bank hired several interns who didn’t meet its GPA or interview standards, but were related to Middle Eastern sovereign wealth fund officials, the SEC alleged.
Funds of Hedge Funds Fight Back
Don’t look now, but funds of hedge funds just outperformed their single manager rivals.
Citigroup to Pay Failed HF Investors $180M
The bank’s advisors and fund managers were accused of misrepresenting the risk attached to two leveraged fixed income strategies.
Start Soul Searching, CalPERS’ CIO Tells Private Equity
“What is an appropriate management fee?” How much should limited partners share in profits? Ted Eliopoulos suggests it’s time general partners and peers asked themselves some hard questions.