Asset Management Culture
Why Smith College Is Moving Its Endowment In-House
The $2 billion fund, now in the market for its first CIO, decided it’s big enough to shift asset management internally.
Tag: finance
Asset Management Culture
University Endowments Urged to Hold on to Private Commitments
For allocators, keeping a long-term investment horizon in the face of immediate challenges is key, NEPC says.
Asset Allocation
GIC Leads $100 Million Funding into India’s Fintech Razorpay
The Bangalore-based startup joined the unicorn club with a valuation just north of $1 billion.
Asset Allocation
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
Op-Ed: ‘Widening the Aperture’—A Key to Enhancing Minority Recruitment
A diverse talent pool can be accessed by expanding the recruitment process beyond finance-related fields, Northern Trust’s Abdur Nimeri writes.
Newsmakers
GCM Grosvenor Merges with SPAC to Go Public
Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs.
Alternatives
Kentucky Eyes $200 Million Controversial Investment in Direct Lending Firm
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.
Regulation
Two Sent to Prison for $2.8 Million Investment Fraud Targeting Elderly Victims
Robert Stencil, Michael Duke allegedly enticed investors with a pre-public offering for a company that did not exist.