Newsmakers
AllianceBernstein President to Become New CEO
Onur Erzan, who became the firm's president in January, will succeed Seth Bernstein in 2027.
Tag: AllianceBernstein
Newsmakers
Despite Private Credit Worries, Insurers’ Demand for Alts Remains Strong
Insurers are looking to expand their investments in asset-based finance assets and other investment-grade opportunities, according to AllianceBernstein’s CIO for insurance.
Newsmakers
Onur Erzan Appointed President of AB
Erzan takes over today as president, a role now split from the CEO post. Seth Bernstein had held both titles since 2017.
Newsmakers
Andrew Yorks Appointed as Head of Global Investment Strategy at Prudential
His appointment is effective July 15, and he will report to Prudential CIO Tim Schmidt.
Asset Allocation
Expectations Wobble for Another Decade of Strong Equities
It’s a ‘particularly perilous’ time to forecast ongoing stock outperformance, says a new report from AQR.
Corporate Moves
Ariel Investments Promotes Henry Mallari-D’Auria to CIO of Global, Emerging Markets
He will succeed Rupal Bhansali, who is leaving to start her own firm.
Newsmakers
Bernstein Private Wealth Management Promotes Alex Chaloff to CIO
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
Manager Selection
Lazard Promotes Larry Cohen to Global Head of Technology & Operations
Cohen joined the firm in August as a strategic adviser.
Market Moves
A New Tech Bubble Is Poised to Pop, Warns Bernstein
Profitless companies with soaring stocks, like Pinterest and Snap, are flirting with trouble, the firm’s analysts say.
Report: DC Plan Fiduciary Awareness Continues to Decline
Nearly half of plan sponsors do not consider themselves a fiduciary.