He is responsible for macroeconomic research as well as leading the firm’s asset allocation teams and strategies.
Most of the firm’s equity will continue to be held by employees.
The new Co-President will oversee the firm’s internal functions.
Lightyear makes control investments in North America-based, middle market financial services companies.
Institutional investors paid an average of 54.2 basis points for total fund expenses in 2020.
She leads consultant relations, institutional distribution and the retirement businesses, including strategy, development, management and growth of the defined contribution business in the U.S.
She will help assess investments in cybersecurity, cryptographic and quantum technologies.
She will support growth of the firm’s $7 billion emerging markets equity strategy.
Investment committee members reported a drop in satisfaction with consultant performance across three different strategies.
Jupiter’s current CIO is retiring at year-end.