Future Fund Poaches AP4 Equity Chief
Björn Kvarnskog will move to Australia in the New Year to oversee A$39 billion in equity investments.
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Danish Giant Acquires Financial Services Pension
A $3 billion pension for Denmark’s financial services industry is to become part of PFA from 2016.
SEC Head Talks Hedge Fund, Private Equity Regulation
Chair Mary Jo White named improper fee and expense practices as one of the US regulator’s primary targets.
Klarman Continued, and the Power Equation
The true origins of Editor-in-Chief Kip McDaniel’s copy of the Margin of Safety, and a new scoring system for the Power 100.
Lehigh University Endowment CIO to Retire
A former Bain Capital managing director will take over in the interim while the private college finds a permanent successor.
Fidelity Folds Pyramis into New Institutional Provider
Say hello to Fidelity Institutional Asset Management, a creation consolidated from Pyramis and several other divisions.
UK Consultant Shake Up: Two In, One Out
JLT Employee Benefits and Buck Consultants see senior staff changes, while Redington hires to enter the DC market.
Cleveland Clinic Creates Internal CIO Role
The Annie E. Casey Foundation’s Stefan Strein has been appointed to lead the $13 billion foundation.
Carnegie Mellon Endowment Seeks Deputy CIO
The newly created director of investments role will run the $1.25 billion endowment’s private markets program.
Fortress Liquidates Flagship Hedge Fund
The investment firm announced it would close the $2.3 billion Fortress Macro fund after losing more than 17% this year.
Oil Price Collapse Fuels SWF Equity Sales
Some of the biggest investors in the world have withdrawn more than $2 billion from European markets since May.
Red Cross CIO Dismisses Top Two Staffers
A total of three investment team members will depart under new foundation chief Greg Williamson, CIO has learned.