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PIMCO expands global equities team
trueIain McNaught and Simon Peters were named senior vice presidents at Pacific Investment Management Co., in London, spokesman Michael Reid said.
Manulife names international head of the firm's portfolio solutions group
truePeter Warnes joins Manulife Asset Management in Hong Kong as head, international, of the firm's portfolio solutions group.
AllianzGI adds solutions executive
trueJoe Moody joined Allianz Global Investors as head of international solutions specialists in the U.S., U.K., Continental Europe ex-Germany and Japan, he said.
Northern Trust hires 2 for hedge funds-of-funds unit
trueTristan Thomas and Greg Jones joined the hedge funds-of-funds unit of Northern Trust Asset Management.
Benefit and future of non-transparent ETFs uncertain
truePressure is building behind the dam to release a new kind of exchange-traded fund into the world, yet many observers continue to ask: “Who benefits?”
Fortress puts its spin on private-public conversion
trueWhen Fortress Investment Group LLC takes its private equity infrastructure fund public - expected as early as year's end, the alternative investment firm will provide limited partners instant liquidity.
AllianceBernstein sees rebuilding efforts paying off
trueAllianceBernstein LP appears to have dug itself out of the hole it's been in since the global financial crisis, reporting its highest quarterly institutional net inflows during its second quarter since 2007.
Challenges of cybersecurity
trueTrustees and other fiduciaries overseeing large asset pools face increasing challenges from cybersecurity risk, and must strengthen their risk management and preparedness to deal with these potential threats.
Some target-date funds are boosting equities
trueSeveral target-date fund providers raised the equity components of their glidepaths, saying their research shows participants have a slightly higher risk tolerance than in the years immediately after the economic crisis.
Principal chooses ESOP consultant
trueMike Parrett was named a vice president of consulting, effective Aug. 18, at Principal Financial Group.
BlackRock adds iShares Canada managing director
truePat Chiefalo was named managing director and head of product for BlackRock's iShares Canada.
Ares Management's AUM surges 30% for the year
trueAres Management's assets under management totaled $79.2 billion as of June 30, up 2.8% from March 31 and up 30.1% from June 30, 2013.
Ackman targets IPO for closed-end Pershing Square fund later in 2014
trueBill Ackman, the activist hedge fund manager, said his firm, Pershing Square Capital Management, is targeting an initial public offering of a closed-end fund this year to give him more power to invest for the longer term.
Barings taps new CIO, makes several changes to multiasset team
trueKen Lambden was appointed chief investment officer at Baring Asset Management.
Lexington, AlpInvest Partners acquiring half of One Equity Partners' portfolio
trueLexington Partners and AlpInvest Partners are acquiring J.P. Morgan Chase's interests in about 50% of the portfolio companies held by J.P. Morgan's private equity subsidiary, One Equity Partners.