Event driven strategies topped the hedge fund performance chart during the first three months of the year, as the industry drew some USD9 billion in new capital in Q1 and saw trading volumes surge, new analysis by hedge fund asset administrator Citco shows.
To help participants plan for retirement, AB designed LIS to be an effective accumulation strategy in the working years and a reliable distribution strategy in retirement by combining a personalized portfolio similar to a target-date fund with a flexible guaranteed income program.
Expanded partnership with FIS capitalizes on strengths of both organizations and reflects commitment to invest in the business and enhance delivery of innovative retirement solutions, the firm said.
The firm has historically provided alternative investments in the form of comingled funds, seed opportunities, insurance dedicated funds, CLO warehouses, custom funds and ESG funds.
Cerulli is the latest to question RIAs for ‘not fully understanding’ ESG as an emerging megatrend, which could lead to a potential disconnect with Next Gen investors.
Michael Larson is in charge of managing Microsoft Corporation co-founder Bill Gates’ massive fortune for decades. Larson is the chief investment officer for the Bill & Melinda Gates Foundation. Michael Larson is in charge of Cascade Investment and was reportedly accused of sexual harassment in 2017.
Siguler Guff, a leading multi-strategy private equity investment firm with $15 billion of assets under management, announced today that it has raised $240 million for its first direct investment emerging markets fund, GEMCo.