Hints and tips:
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...His title was associate, one of the lowest ranks in banking, but his colleagues gave him the unofficial status of “managing associate”, one former banker recalls, after noticing that he often provided answers...
...One test will be what the Pennsylvania Public School Employees’ Retirement System, a big US public pension fund, decides....
...The losers included public retirement systems in Texas, Pennsylvania and New York City....
...● Scott Chan has joined the $225bn California State Teachers’ Retirement System as deputy chief investment officer for the second-largest US public pension scheme....
...Previously, he worked for Cambridge Associates, the investment consultancy....
...This challenge is most acute in the US, where the share of institutional assets allocated to active investment strategies fell from 79 per cent in 2012 to 67 per cent by 2015, according to Greenwich Associates...
...• JPMorgan Asset Management has appointed Daniel Notto as a strategist in its retirement solutions group....
...investment manager, has appointed its first female board members: Sally Bridgeland, a former chief executive of BP’s pension fund, and Lindsey Brace Martinez, former head of global consulting at Cambridge Associates...
...After a decent, if patchy, record with Petershill I, Goldman is now raising $1bn for Petershill II and has already bought stakes in a few managers including Caxton Associates....
...Consider definedcontribution retirement plans like 401(k)s....
...• Ted Eliopoulos has assumed permanent responsibility as chief investment officer at the California Public Employees’ Retirement System, the largest US public pension plan....
...Away from the fears about correlation, the Towers Watson/Financial Times survey shows that the big hedge fund managers continue to get bigger, with Bridgewater Associates, Brevan Howard, BlackRock, Och-Ziff...
...He told the Financial Times in a recent interview he was merely enjoying retirement. The larger independent banks, such as Evercore, Moelis and Greenhill, have attracted big talent in recent years....
...Stuart Catt, senior associate at Mercer, added that there were likely to be a number of issues for pension funds with a decline in funds using repos as a way of managing risk as part of their liability management...
...ETFs are now used by 18 per cent of US institutional funds, up from 14 per cent over the past 12 months, according to a new study by Greenwich Associates, the research consultancy....
...The expected IPO activity comes as smaller entities have already successfully listed, such as Silver Bay Realty Trust, which was spun out of Two Harbors Investment Corp, and Altisource Residential....
..., vice-president, principal, Greenwich Associates 1994 Vice-president, JPMorgan 1998 Senior vice-president, Prudential Retirement Services 2000 Internet start-up 2002 Managing director, Greenwich...
...Succession plans for Visa were announced earlier this year ahead of Mr Saunders’ upcoming retirement and the end of his contract in March 2013....
...When the dust settles on the retirement of Moore Capital’s star trader, Greg Coffey, at the age of 41, and the flutter of speculation and flattering commentary it occasioned last week fades, one thing will...
...At the same time, Caxton Associates, an equally long-established macro trading fund, now run by Andrew Law, has seen its flagship vehicle lose 2.6 per cent....
...Greenwich Associates reported as much last year in a report claiming that global asset managers expected too much from Asia, with the potential client base smaller and harder to service compared with those...
...Sean Murtagh had been a third-year associate at Goldman Sachs, in the firm’s consumer retail group, before leaving his job in October 2011....
...Mr Bedford previously traded at rival macro hedge fund Caxton Associates and had cut his teeth at Goldman Sachs’ global macro proprietary trading desk in the 1980s....
...● Neville McKay has moved from Towers Watson, where he advised defined benefit schemes on de-risking, to Hewitt Associates, where he joins the retirement consulting team....
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