MONEY MANAGEMENT
Malaysia's Permodalan Nasional Berhad appoints Khazanah deputy managing director as next president and group chief executive.
Stephen Bird will join Standard Life Aberdeen as chief executive-designate, effective July 1, replacing Keith Skeoch later in the year.
Pensions & Investments has observed a continuous increase of large-cap U.S. equity assets shifting to passive strategies. In contrast to equities, U.S. fixed income remains largely active, with 77% of AUM still in active strategies, down only slightly from 82% in 2008.
Natixis and La Banque Postale have agreed to merge their respective fixed-income and insurance-related asset management businesses.
H.I.G. Capital appointed John Harper as a managing director and head of London small-cap LBOs.
Principal Global Investors names head of institutional sales for North Asia.
AQR's value adherence hurt returns in the first quarter, but its founder is looking forward to great opportunities in future.
The coronavirus crisis has forced direct lenders to increasingly focus on tracking their portfolio companies' financial positions.
Money managers are looking to add distressed debt expertise to investment teams to help invest in COVID-19-related opportunities.
Liz Weiner has joined Pennybacker Capital Management as managing director, capital formation and corporate strategy.
