Industry News
The firm’s new head of tactical asset allocation joins from Wellington Management Company.
The newly appointed president and ceo has been with the firm since 1990.
The dismissals were due to increased operating costs and management fees.
Strong performance in both global equity and fixed-income markets boosted returns for U.S. institutional plan sponsors in the third quarter, according to newly released data from Northern Trust.
The global investment firm has promoted its senior v.p. and head of RIA sales to chief distribution officer as the previous distribution head left to join an investment professional membership association.
He will join the firm next year from Morgan Stanley Investment Management.
Thomas Darnowski has been promoted to the role effective Jan. 1.
The new hires will help lead Ceres Partners’ private equity strategy.
The health network has hired an investment manager to help oversee and manage its more than $4 billon in investments, including sourcing and maintaining a pipeline of investment opportunities and funds and monitoring existing managers.
The foundation has hired a director of public investments to oversee and manage a portion of its endowment following a search for the role from last year.