Reverence Capital Partners announced the final closing of Reverence Capital Opportunities Fund II at its hard cap of $1.2 billion in capital commitments, exceeding its target of $750 million.
Milliman analysis: Public pension funding ratio hits three-year high in Q4 2019 at 74.9%, but February’s market volatility will likely erase some of those gains in Q1 2020.
CPR Asset Management, the thematic equities arm of the largest European asset manager Amundi, has launched a fund dedicated to tackling social inequalities, adding to CPR AM’s €10 billion thematic equities range.
The Federal Reserve cut its benchmark rate by a half percentage point on Tuesday morning, delivering a booster shot to stem potential economic disruptions from the spreading coronavirus epidemic.
Women are gaining more seats in the corporate boardroom, a movement that figures to gain steam from fresh strategies like a new California law and the clout wielded by financial heavyweights such as Goldman Sachs.
Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment firm, has closed its first direct real estate fund, Elevation I, at its hard cap of €700 million.
Activist investor Clifton S. Robbins is closing his firm, the latest high-profile veteran to exit the hedge-fund business. His motivation appears to be different from his rivals, however.
The Georgia Senate passed a bill Feb. 25 that would allow the state teacher retirement fund to invest in “alternative investments” that critics view as potentially too risky.