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...Victoria Tillbrook, a UK pensions expert at consultancy PwC, said “more and more” trustees wanted to fully understand developments in what insurers were doing, what was being reinsured and the position of...
...In a memo to staff on Thursday, Goldman named chief strategy officer Carey Halio as Berlinski’s replacement, a notable promotion for a senior woman following the departures of Cohen and Hammack....
...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...The staff uproar about the decision-making process, and the perceived influence exerted by the political, corporate and philanthropic backers of the growing carbon credit industry, saw SBTi take a step back...
...Ricky Sandler, founder of US-based fund Eminence Capital and the first activist to go public with criticisms, has a seat on the committee alongside chair Barry Gibson and another board director....
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...The government is concerned that pension funds, which have some of the nation’s largest pools of capital, are not putting enough money into home markets and depriving early-stage companies of seed finance...
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Trustees of large pension funds in the UK are already required to set a climate-related investment target, and must also consider the potential impact of climate change on a scheme’s assets and liabilities...
...Jane Street’s dominance in the fast-growing and huge exchange traded funds market is a case study of banks not focusing enough on adjacent markets and doing too little, too late....
...He has also pursued enforcement actions against targets ranging from celebrities allegedly failing to disclose how much they were paid for token promotions to the industry’s biggest platforms....
...So they’ve actually contracted in size, which you cannot say about the rest of the hedge fund industry, which generally has been growing....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...The business school, which has a strong reputation in finance, has many wealthy and powerful alumni who built careers in investment banks on Wall Street or in private equity and hedge funds, and have since...
...Originally painted in Cape Town, South Africa, in 1952, it became the biggest-selling poster in history, decorating the walls of millions of 1950s and ’60s homes....
...However, the cost of this transparency and predictability is that hedge funds and trading firms will try to front-run weighting changes, demotions and promotions....
...The team is chasing promotion this year, and is currently mid-table but still with a good chance of making the play-offs....
...Inflation Reduction Act tax incentives and cash injections from the likes of subsidiaries of Berkshire Hathaway and quantitative hedge fund DE Shaw last year helped the US solar energy industry grow at its...
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...The latest gains follow the decision by US regulators at the start of the year to approve a series of spot bitcoin exchange traded funds issued by Wall Street stalwarts, including Fidelity and Blackrock....
...“This is of systemic importance.” Asset managers are slowly waking up to the full implications of a move by the US and Canada to shorten settlement times for stocks, bonds and exchange traded funds....
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