Activist investor Clifton S. Robbins is closing his firm, the latest high-profile veteran to exit the hedge-fund business. His motivation appears to be different from his rivals, however.
Investment consultant NEPC has launched a new forum for institutional investors to discuss ways to promote diversity in their organizations and investment decisions.
The Georgia Senate passed a bill Feb. 25 that would allow the state teacher retirement fund to invest in “alternative investments” that critics view as potentially too risky.