Alternatives
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
Asset Allocation
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.
Asset Allocation
Sweden’s AP1 Returns 11% in First Half of 2021
The $50 billion pension fund was aided by a strong Stockholm Stock Exchange.
Pensions
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.
CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Asset Management Culture
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.
Asset Allocation
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.
Corporate Moves
AustralianSuper CEO Ian Silk to Step Down
Chief Risk Officer Paul Schroder has been tapped as Silk’s successor
Alternatives
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.
CIO Innovation Awards: Nominations Open Until August 12
Nominate your best asset owners and managers for this year’s 11th awards gala bash.
Asset Allocation
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.
Corporate Moves
CIO Summer Hiring Continues to Sizzle
Sammons Financial, Aspen Insurance, and Insigneo are the latest firms to appoint new CIOs.
Manager Selection
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.
If Governments Can Just Keep Their Cool, the Economy Will Be Fine, Says Savant
The 2020 recession was driven by policy, so any Delta-inspired double dip would be, too, Commonwealth’s McMillan warns.
Asset Allocation
TexPERS Returns 4.6% in Fiscal 2020
The performance falls well short of the pension funds’ benchmark and assumed rate of return.