PE Firm Founder Pleads Guilty to $58 Million Manhattan Real Estate Fraud
Eric Malley induced more than 300 people to invest in purportedly debt-free luxury properties.
Tag: Private Equity
Alternatives
Payments Startup SpotOn Gets Funding from Mubadala, Others
The firm is the latest in a series of growth sector bets the sovereign wealth fund has been making.
Pensions
OMERS Takes 25% Stake in International Schools Partnership
The acquisition is part of the pension fund’s expansion into private equity opportunities across Europe.
PE Fund CEO Charged With Lying to Secure $95 Million Loan
Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.
Alternatives
NY State Pension Fund Commits Over $1.3 Billion in Investments in March
Nearly half, or $650 million of its monthly allocation, went toward real estate funds.
Asset Allocation
Mubadala Goes on a Spending Spree in 2020
The sovereign wealth fund invested $29 billion into growth sectors, including in technology, life sciences, and consumer goods.
Asset Allocation
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
Asset Management Culture
Lisa Howie Tapped as Smith College’s First CIO
Howie leaves Yale University after 12 years to lead the $2 billion women’s college endowment.
Alternatives
Alts Grow Bigger and Bigger in Institutional Portfolios
Some 86% now invest in alternatives, says Nuveen survey.
Alternatives
Private Equity Firms Expect Wave of M&As in Second Half of 2021
The increased pace of COVID-19 vaccinations and the specter of a capital gains hike are expected to spur activity.
News
Canadian Pensions Adapt Investment Strategies for Post-COVID-19 World
Asset managers are expected to shift funds to private equity from infrastructure and to increase in-house management.
Alternatives
Private Equity Firms Aim to Double Down on Tech in Post-COVID-19 World
Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
Corporate Moves
Rens Götz Leaves ABB, Follows Ex-Boss Elisabeth Bourqui to Her New Asset Management Firm
The one-time ABB pension asset allocator, after her short and bumpy interlude at CalPERS, co-founded BERG and now has hired him.
Asset Management Culture
Rebound for AUMs among Top 10 Hedge Fund Trends
Consultants Agecroft Partners say that a turnaround in overall hedgie results is bringing a brighter picture.
Asset Allocation
OMERS Completes $312 Million Sale of Detroit River Rail Tunnel to Canadian Pacific
The pension fund will sell an 83.5% stake in the transcontinental pathway.