Corporate Moves
Ellen Ellison, University of Illinois Foundation CIO, Steps Down
The allocator shared on social media that she will be leaving to pursue other endowment and investment-related activities.
News Archive: Jun - 2021
Risk
State Street Accused of Self-Dealing With 401(k) Plan
Lawsuit alleges firm breached its fiduciary duties by providing underperforming proprietary funds.
Risk
Risky Business Leads to $1 Billion Trading Loss, Charges for Fund Execs
SEC alleges portfolio managers misled investors about risk management practices.
The Exxon Vote: Pension Supporters Stay Onboard to Advance Change
CalPERS, CalSTRS, and NY Common helped push through outside directors at the oil leviathan, rather than unload its shares.
Asset Allocation
CPPIB, Phoenix Mills to Develop Retail Center in India
The mall is set to attract a growing consumer base in the affluent Alipore, Kolkata, neighborhood.
Manager Selection
AIG CIO Douglas Dachille to Step Down
The insurance giant has tapped Deputy CIO Geoff Cornell to helm its $350 billion investment portfolio.
PE Firm Founder Pleads Guilty to $58 Million Manhattan Real Estate Fraud
Eric Malley induced more than 300 people to invest in purportedly debt-free luxury properties.