Dan Loeb Triumphs Against Sotheby’s, Dow Chemical
Sotheby’s CEO has agreed to step down and Dow Chemical has added four directors to its board after yearlong battles with the activist investor.
News
New Hedge Fund, PE Heads at NYC Pension
The $160 billion system has promoted two staffers to lead its alternatives buckets.
Dutch Pension Boosts Infrastructure with Portfolio Acquisition
APG’s new infrastructure portfolio is the latest deal structured as a partnership with an asset manager.
Soros Hands Gross $500M Vote of Confidence
Janus’ new hire has landed his biggest mandate since joining—and doubled his strategy’s assets.
Mercer Buys Fund Manager to Access Private Markets
The consultant and fund manager wants greater access to alternatives.
U. California CIO Installs New Investment Team
Jagdeep Bachher has hired or promoted at least 14 staffers in the past few weeks, CIO has learned, and is actively recruiting for more.
Goldman on 2015: Predictions for the Year Ahead
Expect further divergence between developed economies and major (but risky) upside potential from emerging markets, the investment banking titan says.
New CIO for London's Largest Pension
A career asset manager has taken the reins at one of the UK’s biggest public sector pensions.
AIMCo Names Former Pyramis Executive as New CEO
Kevin Uebelein is set to replace outgoing CEO Leo de Bever in the sovereign wealth and pension fund’s top job.
Grady Steps Down as NJ Pension Chairman
After a five-year run marked by outperformance and political drama, Bob Grady has resigned his post at the $80 billion fund.
Japan Pension Giant to Appoint First CIO
The GPIF is to reorganise its internal investment structure.
SSgA Sells Hedge Fund Business
The asset management firm and hedge fund group SSARIS will part ways after 13 years of affiliation.
Newsmakers
What Is Russell Investments?
Lured by the indexing business, the London Stock Exchange got a consultancy and asset manager in the bargain. So what happens to them?
De-risking Breaks (More) Records
2014 is already a record-breaking year for UK pension funds’ de-risking activity.
Is the Pursuit of Alpha Sabotaging Investment Success?
Investors
and managers are focusing too much on alpha and not enough on achieving their
long-term goals, State Street has argued.