In September, Sheila Patel was promoted to the role of chairman of Goldman Sachs Asset Management, the Wall Street giant’s $1.3 trillion investment management arm.
Pension funds and endowments have been the backbone of the hedge fund industry for much of the past decade. But many of these institutional investors are now turning away from the $3tn-in-assets sector, dismayed by high fees and relatively lacklustre returns.
Knights of Columbus Asset Advisors, announced that it has launched the first Catholic All Cap U.S. Index Fund (I Shares ticker: KCXIX) within the Catholic Investor Fund Family.
The world’s biggest pension fund has decided lending its shareholdings to traders speculating on lower prices isn’t in line with its long-term mission.
GoldPoint Partners announced the closing of its fourth fund-of-funds, GoldPoint Partners Select Manager Fund IV, with $678 million of commitments, a 150 percent increase from its predecessor fund.