The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
The world’s largest asset manager said it’s reducing cyclical exposures to global assets, such as emerging markets and Japan.
What recruiters are seeing when it comes to poaching, attracting, and hiring top talent.
Norges Bank Investment Management also deliberates eight candidates for CEO job.
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.