More hedge fund managers had declines in assets in the year ended June 30 but overall assets were up, P&I’s annual survey shows.
Mudrick Capital hired Thomas Bachner, Bridgewater's former global head of institutional partnerships, as president of the credit manager.
Voya Investment Management will acquire Czech Asset Management by year-end, increasing capital committed to private credit by $5 billion.
UBS O'Connor appointed Blake Hiltabrand as new global head, replacing Kevin Russell, who is leaving the hedge fund unit.
Money managers agree that inflation, volatility and further market drops are all likely in the cards for investors, but opportunities exist.
Hedge fund launches totaled 185 in the first quarter compared with 113 in the prior quarter, HFR data showed.
PGIM has a new program to help historically Black colleges and universities manage their endowments and give students a chance to run funds.
Executives of OCIO managers said their existing and prospective clients are pushing them to include more diverse money managers and more ESG and DEI.
BlackRock, Fidelity and State Street have joined other firms in affirming that they would pay for employees' abortion-care travel expenses.
In response to strong client demand, outsourced CIO managers are developing new investment strategies or enhancing existing approaches.
Quant manager Quest Partners hired Michael Harris as president, replacing Prashant Kolluri, who is moving to an advisory role.
Qi Wang was promoted to CIO of portfolio implementation at PIMCO; she also oversees analytics, and data structure and delivery.
State Street, PIMCO, Blackstone and other large asset managers said they would pay for employees' travel expenses related to abortion care.
Fidelity Investments is building out a new diversifying solutions unit to meet client demand for alternative investment strategies.
BlackRock is broadening its shareholder voting choice program to include more investors.
Alec Litowitz will step down as CEO of Magnetar Capital and be replaced by David Snyderman, who will assume the role of managing partner.