News
Morgan Stanley's OCIO Boss Sees Scale, Differentiation Supporting Growth
18+ hour, 40+ min ago (754+ words) Morgan Stanley Wealth Management's outsourced CIO team, headed by Sona Menon, is seeing double-digit growth across nearly all client segments." The firm's OCIO platform manages assets for three client segments'retirement, endowments and foundations and high-net-worth individuals. Menon joined the firm…...
Partnership Between Cresset and Monticello Announced
7+ mon, 2+ week ago (162+ words) Monticello Associates, an independent investment consulting firm, and Cresset Asset Management LLC, a multi-family office and registered investment adviser, announced Monday they formed a partnership which is expected to close later this year. Monticello Associates, headquartered in Denver, oversaw about…...
OCIO Fiducient Advisors Acquires Plan Consultant Axia Advisory
1+ day, 2+ hour ago (180+ words) Outsourced CIO provider and investment consultant Fiducient Advisors LLC, a unit of wealth management and advisory firm Wealthspire LLC, announced on Tuesday its acquisition of Indianapolis-based retirement plan consulting and advisory firm Axia Advisory Corp. The acquisition of Axia will…...
Former SEC Regional Director to Return as New Head of SEC Enforcement
15+ hour, 45+ min ago (163+ words) The Securities and Exchange Commission announced Wednesday that securities lawyer David Woodcock will be the regulator's next director of the Division of Enforcement, effective May 4. Woodcock will fill the role of former director Margaret A. Ryan, who resigned effective immediately on…...
Japan's GPIF Research Finds Some ESG Factors Boost Corporate Value
8+ mon, 3+ week ago (266+ words) Diversity-related and other key performance indicators led to increased corporate value, according to the $1. 7 trillion sovereign wealth fund. Japan's Government Pension Investment Fund conducted in-depth research that found that the fund's use of environmental, social and justice factors when making…...
GPIF Ranks Microsoft No. 1 in Sustainability Disclosure For 4th Straight Year
2+ day, 4+ hour ago (329+ words) Foreign equity managers working for Japan's $2 trillion Government Pension Investment Fund lauded the tech giant's sustainability reporting. For the fourth straight year, Microsoft was cited by foreign equity external managers working for Japan's $2 trillion Government Pension Investment Fund as having…...
Proposed Federal Budget for Fiscal 2027 Would Cut Staff, Funds for SEC, CFTC
1+ day, 16+ hour ago (570+ words) The plan would further cut from agencies already grappling with reduced staffing. President Donald Trump's $2. 2 trillion budget proposal for federal spending in the fiscal year that starts October 1 would add $1. 5 trillion in defense spending while further reducing the size of…...
Met Life Investment Management Hires New Head of Real Estate, Agriculture From Blackstone
1+ day, 23+ hour ago (223+ words) Met Life Investment Management appointed Andrea Drasites as global head of real estate and agricultural finance, effective October 1. Drasites will oversee the firm's commercial mortgage and equity real estate portfolios, as well as its agricultural investments, totaling $108. 9 billion in assets....
New York Common Commits $1. 4 B in Emerging Market Equities
2+ day, 18+ hour ago (516+ words) The $300 billion pension giant has been increasing its holdings of international and emerging markets equities. New York's state employee pension fund continues to shift its equity investments to international markets, as the $300 billion New York State Common Retirement Fund committed…...
Bond XN Links to Black Rock's Aladdin for Institutional Investor MBS Trading
2+ day, 18+ hour ago (197+ words) Bond XN Inc. , an electronic trading platform for mortgage-backed securities, has linked its system to Black Rock Inc. s tech platform, Aladdin, as part of a multi-year partnership aimed at improving mortgage-backed-securities trading for institutional investors, the provider announced. Financial…...