Industry News
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 foundation is searching for a director of investment operations to be responsible for recording investment activity and managing asset allocation for its endowment.
The plan stayed in-house to replace a retiring Christopher Ailman, whose last day with the plan is June 30.
Global credit investment manager Marathon Asset Management has expanded the leadership of its emerging market debt and U.S. opportunistic credit businesses.
The fund closed with $555 million in capital from both new and existing limited partners.
The firm closed five venture capital strategies with $1.6 billion in total commitments.
The investment was made through the Petershill program, which provides capital to leading alternative asset managers.
The firm has appointed a managing director and fixed-income specialist.