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Russell appoints U.S. consultant relations director
trueMike Reardon was named director, U.S. consultant relations at Russell Investments.
GoldPoint Partners names head of business development
trueScott Higbee was named senior managing principal and head of business development at GoldPoint Partners, the private equity affiliate of New York Life Investment Management.
Allianz Global Investors adds fixed-income portfolio manager
trueMike Riddell was named U.K. fixed-income portfolio manager at Allianz Global Investors, effective Oct. 1.
GE Capital said to agree to sell private equity unit to Ardian
trueGeneral Electric Co. agreed to sell its private equity investment group to French alternative asset manager Ardian for about $500 million.
Citadel losing longtime head of investor relations
trueScott Rafferty, Citadel's head of investor relations, says he plans to leave the firm at the end of the year.
ECB removes Deutsche, State Street from asset-backed securities program
trueDeutsche Asset & Wealth Management and State Street Global Advisors will no longer acquire asset-backed securities for the European Central Bank under revisions announced Wednesday.
Alberta's Management Employees plan retools asset allocation
trueManagement Employees Pension Board, Edmonton, Alberta, increased its target allocation to fixed income and money markets by cutting targets to equity and inflation-sensitive investments in a new investment policy effective Oct. 1.
Moody's: European managers angling to benefit from shift to DC
trueEuropean money managers are taking advantage of the overall shift to defined contribution plans from defined benefit plans and have greater opportunities in acting as alternative lenders, a report from Moody’s Investors Service said.
Low-cost active funds have higher success rates
trueA new report by Morningstar shows that lower-cost active funds have higher success rates than the most expensive funds.
Hedge fund launches and liquidations slow in second quarter — HFR
trueFewer hedge funds were launched and fewer were liquidated in the quarter ended June 30 compared to the previous quarter, new data from Hedge Fund Research showed.
Prologue Capital Management hires global head of research
trueJames McCormick joined hedge fund manager Prologue Capital Management as partner and global head of strategy and research on Monday.
Acadian brings on equity portfolio manager
trueKurt Livermore was named portfolio manager at Acadian Asset Management.
Texas County & District slates $50 million for direct lending fund
trueTexas County & District Retirement System, Austin, committed $50 million to Entertainment IP Fund, managed by Shamrock Capital Advisors.
SEC approves proposal for new mutual fund, ETF liquidity risk rules
trueThe SEC voted 5-0 on Tuesday to approve a proposal that would establish new rules on liquidity risk transparency for mutual funds and exchange-traded funds.
Impax recruits senior portfolio manager
trueDavid Winborne was named director and senior portfolio manager at Impax Asset Management Group.