News
Former Mellon CIO Launches New Asset Management Firm
BC-GUMPS’ first fund will hold a concentrated portfolio of credit default swap positions.
Tag: Asset Management
Research
Incentive Compensation in Financial Services Projected to Drop in 2022
In the financial services sector, base salaries increase 4% to 5% for the second straight year in 2022, while bonuses are set to fall in a difficult year for investors.
Newsmakers
New CEO Joining State Street Global Advisors
Yie-Hsin Hung will join in December and succeed retiring State Street Global Advisors CEO Cyrus Taraporevala.
Research
Simfund Adds Institutional Market Investment Information to Dataset
New module boosts observable assets under management in database to $110 trillion.
Newsmakers
CalPERS to Bring in Consultant Lenox Park to Help Diversity Efforts
The firm is expected to assist with collecting data on emerging managers.
Asset Allocation
Apollo Might Launch $500 Million SPAC Fund
The private equity firm reportedly will use the investment vehicle to buy stakes in IPOs and founders’ shares.
Market Moves
CPPIB, Alberta Plan Invest Nearly $2 Billion in BAI Communications
The Canadian allocators are deepening commitments into the firm just as it’s expanding its 5G rollout capabilities in the US and UK.
Corporate Moves
Mark Machin Joins the Board of Singapore VC Firm Serendipity Capital
The former head of CPPIB finished up his final day at the pension fund last week.
Pensions
The Public Sector Pension Investment Board Gains 18.4% in FY2021
An extraordinary recovery in the capital markets netted the Canadian allocator double-digit earnings.
Corporate Moves
Ellen Ellison, University of Illinois Foundation CIO, Steps Down
The allocator shared on social media that she will be leaving to pursue other endowment and investment-related activities.
Asset Allocation
CPPIB, Phoenix Mills to Develop Retail Center in India
The mall is set to attract a growing consumer base in the affluent Alipore, Kolkata, neighborhood.
Corporate Moves
WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
Asset Management Culture
CPPIB Nets Highest Fiscal Year Gain with 20.4%
The pension plan just completed its 2021 fiscal year as of March 31.
Diversity Demands from NYC Pension Overseer OK’d at DuPont, Union Pacific
Similar proposals will land at other companies, including American Express and Procter & Gamble.
Corporate Moves
Russell Investments Changes Up Leadership Structure
Alums from Goldman Sachs and Morgan Stanley will take over positions as global chief investment officer and president.