Industry News
Leech allegedly engaged in cherry-picking and assigned over $600 million of gains to favored clients and over $600 million of losses to disfavored clients over several years.
He left the firm last week to pursue a new opportunity with an investment management firm.
A return to strong funding levels among defined benefit plans has led many to evaluate how to utilize their surplus, according to industry experts.
The firm hired a v.p. of business development to oversee the strategic development of its intermediaries initiative.
He will be responsible for evaluating new transactions, due diligence, underwriting and collaborating with portfolio companies.
The fund was created to pursue control investments in micro-cap distributed healthcare businesses.
The governor also prohibits any new investments in China.
The executive director will leave on Jan. 6 after three years in the position.
She will retire early next year after serving on the firm’s U.S. Real Estate Income and Growth Fund for over 14 years.
The firm closed on $2.2 billion in commitments for secondary investments in the software market.