Amid rising uncertainty, institutional investors are moving towards defensive sectors like industrial, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.
The market rout is exposing the vulnerability of the US public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
The new cio will oversee the firm’s fixed-income, equities, multi-asset solutions and alternative strategies, while retaining his current fixed-income portfolio management responsibilities.
The firm established new offices in Italy, Sweden and Switzerland earlier this year to better service clients locally.
The health system hired a new cfo to begin next month after its previous finance head left this summer to join a Midwestern medical center.
The ceo will retain previous responsibilities for the Illinois and Wisconsin markets until a successor is found.
The nine-member team will provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits and private family foundations.
The plan’s previous executive director joined Aon last month.
Two co-portfolio managers have been added to replace him on the Total Return strategy.
The firm also promoted a new head of global buyout fund investments.