Announcements
The founder of the Simons Foundation, who previously led leading quantitative hedge fund manager Renaissance Technologies, died on May 10 in New York City at the age of 86.
The global asset manager has hired three portfolio managers to help launch two emerging market debt strategies later this year.
The new actively managed high yield bond exchange-traded fund aims to maximize current income with a secondary goal of capital appreciation and the strategy will invest at least 80% of its net assets in U.S.-dollar-denominated high-yield corporate bonds.
The firm has converted two of its mutual funds into actively managed exchange-traded funds to bolstering its ETF platform.
The outsourced cio has appointed the cio of a midwestern university endowment to its advisory board on the heels of hiring a new director.
The co-founder and co-executive chair of a leading global alternative manager is donating a substantial gift to a college preparatory boarding and day school – the largest single gift ever made to the institution.
The firm has hired a head of registered investment advisor distribution to lead business strategy, distribution and product development efforts within its RIA channel.
The nonprofit and a business leader have donated large gifts to a college in the region to expand its library.
Aquisition would allow Riverside to expand Townsend’s market position and for Aon to focus on further serving clients through its human capital and risk capital capabilities.
The college will receive an approximately $55 million gift – the largest bequest in the institution’s 140-year history – and invest approximately $50 million in its endowment.