Featured Story

Markstone, Wetherly settle with New York over pay-to-play probe

By Christine Williamson

Markstone Capital Group and Wetherly Capital Group agreed to return $18 million and $1 million, respectively, to the New York State Common Retirement Fund, Albany, to settle an investigation by New York Attorney General Andrew Cuomo into a pay-to-play scandal at the $126 billion fund.

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Editor’s Pick

California bill would register placement agents

Legislation requiring placement agents to register as lobbyists before contacting California public pension funds was introduced today in the state Assembly.

By Randy Diamond

People

Murphy added to Korn/Ferry recruitment team

John Murphy was named a managing director for the asset and wealth management sector of executive recruiter Korn/Ferry International’s global financial markets business.

By Douglas Appell

Rockefeller picks Marsh as senior VP

Michael Marsh was named a senior vice president at Rockefeller and Co., focusing on non-profit institutional business development.

By Douglas Appell

Credit Suisse loses North American alts distribution director

Hari Achuthan, a director on the North American distribution team for Credit Suisse's alternatives-focused asset management business, left the company last week.

By Douglas Appell
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Blog Bank

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Charts

  • Pension plans' hedge fund allocation 1 of 10
  • Gold loses some of its glitter 2 of 10
  • Quartile quandary 3 of 10
  • ISM index jumps 4 of 10
  • Record real estate decline 5 of 10
  • CalSTRS underfunding 6 of 10
  • Dollar rebounds 7 of 10
  • Limited partnership secondary transactions volume 8 of 10
  • Venture capital fundraising 9 of 10
  • Private equity funds take 1.5 years to close 10 of 10

International

Merseyside puts out call for 3 equity mandates

Merseyside Pension Fund, Liverpool, England, is searching for at least three active equity managers to run a combined £500 million ($781 million), a spokesman for the £4.3 billion fund confirmed.

By Drew Carter    

ETFs' siren song still lures managers

As a new crop of money managers and investment banks enters the hot market of exchange-traded funds, the challenge has already proven too much for some in a sector where scale is key.

By Thao Hua    

Canada fund explains itself in op-ed letter

Following large investment losses in 2008 and the first half of 2009, the Caisse de Depot et Placement du Quebec launched a media offensive to reassure workers about stability of the C$120.1 billion (US$113.1 billion) fund.

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P&I Presents

Featured Industry Events

Today’s Markets

Webcasts

Money Manager M&A in 2010: The Outlook

Monday, February 1, 2010

Bradford I. Hearsh of UBS Investment Bank and Benjamin Phillips from Casey, Quirk & Associates, LLC discuss what's truly in store for money manager M&A.

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Featured Web Seminars

Join an expert panel from Peachtree Settlement Funding, a market leader in the origination and management of insurance-linked assets, on the applicability of these assets in funding longer-term pension and healthcare liabilities.

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February 24, 2010 - 2:00 p.m. - 3:00 p.m. EST

As pension funding levels drop and liabilities continue to climb, plan sponsors are taking active steps to manage pension risk by changing the way they fund, invest, and design their plans. In this upcoming web seminar, an expert panel of specialists will review strategies pension funds are using today to better manage their risks.

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In this hour-long web seminar, Janus' Gibson Smith and Colleen Denzler will provide their perspective on the structural market changes that have occurred and the potential implications this may have.

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Face to Face

Photo: Getting closer: Face to face with Lighthouse's Sean McGould

Getting closer: Face to face with Lighthouse's Sean McGould

Sean McGould is nearly three-quarters of the way toward achieving his goal: managing hedge fund-of-funds portfolios that invest only in hedge fund separate accounts.

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