Eric Stein Elevated to Voya Investment Management CIO Amid Leadership Shuffle
Stein will be succeeded as the firm’s head of investments and CIO of fixed income by Jeff Hobbs.
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Who Works Where?
Data from the CFA Institute and CAIA show where holders of their credentials work or seek to work across the investment universe and around the world.
Congress Eyes Lucrative Tax Break for BDCs
A provision included in the House version of the Republican tax bill—but omitted from the Senate’s version—would benefit the private credit markets.
NTAM Names Pedro Guazo Head of International, Responsible Investing
Guazo joins Northern Trust Asset Management from his former role as CEO of the United Nations Joint Staff Pension Fund’s investment office.
AP7 Dumps $1.3B in Tesla Stock Over Workers’ Rights at 4-Month High
Sweden’s second-largest pension showed that divesting for ESG purposes doesn’t require taking a loss.
Daniel Crews Named Deputy CIO of Tennessee Treasury
Grant Leslie will step into Crews’ former role as director of private equity.
CPP Credit Investments Provides $300M for Värde Finance Platform
The partnership will focus on subscription line lending and other fund finance products.
Oregon Passes Bill to Manage Climate Change Risks
The legislation, which awaits the governor’s signature, calls for boosting investments in clean energy.
The Reason the Senate’s Tax Bill Seems Cheaper Than House Version
Acceding to a Republican request to base the cost estimate for the Senate bill on ‘current policy baseline,’ the Joint Committee on Taxation found the upper chamber's bill much less costly than the House bill.
How Family Offices Should Tackle Hiring, Retention Challenges
A shrinking pool of professionals is putting a strain on recruitment, according to a new family office operational excellence report.
Brian Funk Named President of MetLife Investment Management
The firm’s global head of private capital became interim president in May.
Maryland SRPS Names Robert Burd as Acting CIO
The fund’s deputy CIO will be elevated to the role, effective July 1.
Senate Passes Crypto Bill With Bipartisan Support
The GENIUS Act won the support of 18 Senate Democrats and sets new compliance standards for issuers of stablecoins.
Voya Fixed-Income CIO Tips Treasury Duration, Emerging Market Assets as Offsets
Eric Stein discusses fixed-income opportunities, tariffs and geopolitical risks.
Senate GOP Tax Plan Pulls Back on Endowment Tax, Section 899
The bill proposes slight changes to the House version and nixed some provisions, such as the private foundation tax.