A Midwestern public safety plan approved a new asset allocation policy that introduces maiden private equity and private debt targets at yesterday’s board meeting.
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.