Harvard Endowment to Outsource Most Management, Cut Jobs
About half of 230 employees will depart fund, the school says, as new CEO Narv Narvekar makes sweeping changes.
Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme
A fund manager moved 47 investors’ money around in a classic “shell game,” Secretary William Galvin said.
Liquid Alts End So-So Year up 2.3%
Thirty-nine new funds were launched, while 82 were shut down, Wilshire reported.
Janus Advisor Guide: Beware of Correlations, and Other Investment Tips
Janus Funds’ 2017 Wealth Advisor’s Guide identifies the intended and unintended risks of advisors’ asset allocations in their model portfolios.
Morningstar Upgrades 5 Funds, Downgrades 7 and Puts 3 Under Review
The new Morningstar analyst ratings included only one upgrade to Gold.
VC Market Got a ‘Reality Check’ in 2016: KPMG
U.S. venture capital deal activity and funding both declined significantly, the consultancy reports.
Hedge Funds’ 2016 Performance Reverses 2015 Loss
Event-driven funds lead all major strategies with an annual return of 10.2%.
SIFMA Recommends Full-Market Close on MLK Day
The move would cover government securities, muni bonds and other products.
Sovereign Wealth Funds Shift Focus to Private Markets
Despite SWFs’ success in private markets, internal debate continues about risks.
ProShares, UBS Launch 2 Oil-Linked ETNs: Top Portfolio Products
In other product news, Thornburg launched its first liquid alternative fund.