Investors and publicly traded contractors are betting that the new administration’s focus on Building Back Better will be a boon to business and to stock prices, which already are rising.

The new hire was previously a principal at Meketa.

He will serve as a managing director in the alternatives product development group.

He will expand and deepen relationships with investors, a spokesman said.

US pensions awarded $9 billion to hedge funds in H1 amidst market uncertainty, but as worst-case scenarios did not materialize in H2, equity markets recovered and hedge fund allocations tailed off to $2.2 billion in Q3 and $1.3 billion in Q4.

Official says asset manager will stay on watch list for extra scrutiny.