After building the Illinois Police Officers' Pension Investment Fund from scratch since joining in May 2021 as the plan’s debut investment chief, Kent Custer is ready to make sizeable investments in ...

The big managers continue to get bigger through M&A, with MetLife’s institutional asset management business buying PineBridge Investments this week. MetLife Investment Management is purchasing ...

For the better part of the past decade, Michael Green has been on a mission. From talking to money managers to making the rounds of hedge fund idea dinners to attending conferences geared to everyone ...

Despite software-as-a-service making a (modest) comeback, investors are still struggling to determine the value of these pre-AI software companies that dominated venture portfolios before the AI boom.

A number of Tiger Cubs and other tech-focused hedge funds are enjoying strong years. But none of them comes close to the gargantuan gains generated by Flight Deck Capital.The tech-focused hedge fund ...

MSCI bought a minority stake of Burgiss Group in 2020. Now, it’s buying the remaining 66 percent of the private markets data company for $697 million in cash — a price Morningstar says was expensive ...

Since Dan Loeb founded Third Point in 1995, the firm has been known for its equity investments and especially its activism. Early on, Loeb became legendary for his acerbic letters laced with scathing ...

Asset managers aren’t investing as aggressively in artificial intelligence as the hype might suggest. Despite the talk surrounding AI’s ubiquity and inevitability, new research from the Thinking Ahead ...

In a massive win for its outsourced chief investment officer unit, Goldman Sachs is lifting out UPS’s $43.4 billion pension portfolio — and the team that manages it. On Thursday the asset management ...

With investors still giddy over SpaceX’s historic initial public offering and Anthropic’s upcoming IPO, many hedge funds are also looking ahead to a potential third: OpenAI. Last week, the maker of ...

One of Institutional Investor’s allocator rising stars is ascending quickly. Sohel Hussain, head of investments at Meyer Memorial Trust, is leaving the trust to launch his own non-discretionary ...

Glenview Capital Partners was up sharply in May.The hedge fund headed by Larry Robbins posted a strong 7.8 percent gain in May. As a result, it is up 13.8 percent for the year, according to an ...