New Hire Roundup: Great-West Financial Names Manello CFO
Also in new hires, Treasury's Office of Financial Research added 11 new members to its financial research advisory committee.
World Economic Forum Warns of Income Disparity
The World Economic Forum released a report Wednesday that warns of a threat to economies all over the world from anger over increasing inequality. It also said that, for the first time in generations, people are no longer optimistic that their children will experience a better standard of living.
Vice vs. Nice: Sustainability Debate Pits ‘Tea Party’ Against ‘European Social’ Teams
In a sometimes feisty Oxford-style debate in New York, portfolio managers and professors sparred over whether socially responsible investment has any business contributing to—or subtracting from—a company’s bottom line.
BNP Paribas Buys Javelin Fund Operation from Zurich
PARIS (HedgeWorld.com)--BNP Paribas Asset Management agreed to purchase a US$650 million hedge fund operation of ZCM Investor Capital Inc., a U.S. unit of Zurich Financial...
Wermuth Opens Greater Europe Fund
FRANKFURT, Germany (HedgeWorld.com)--Wermuth Asset Management GmbH hired Lauren Damask as managing director of business development and opened its Greater Europe Fund Ltd. to outside investors. Ms....
Capital Z Sponsors Buyout of Zurich's Investable H
NEW YORK (HedgeWorld.com)--Zurich Institutional Benchmarks Management LLC is now called Lyra Partners, as part of a buyout deal with Capital Z Investment Partners, New York,...
BNP Paribas to Purchase ZCM Structured Notes Busin
PARIS (HedgeWorld.com)--In the next couple weeks, officials are expected to finalize a deal with Zurich Financial Services to transfer a substantial portion of Zurich Capital...