PEI caught up with global wealth management head Raj Dhanda and newly appointed head of Asia wealth management solutions Henry Lee to discuss its expansion into the region.

The investment company has appointed a president and ceo-elect to begin in the role on Jan. 1 after its top executive transitions to the role of executive chairman.

Two of the new shareholders joined in April to establish a Chicago office.

Napier Park was acquired by First Eagle Investments in March.

Some 58% of US institutions are unsure about investment performance, a survey says.

Harvard is pushing Senate Democrats to consider reducing the controversial tax that draws an estimated $50 million annually from its $39 billion endowment. Many wealthy private universities want the tax eliminated.