MONEY MANAGEMENT
Nicolas Forest was named CIO at Candriam, effective May 1.
Fund managers have grown more bearish after several months of increased optimism as expectations of a credit crunch cause more aversion to risk.
Emerging market stocks offer higher growth prospects and diversification to institutional portfolios, said Matthews Asia CEO Cooper Abbott.
BlackRock promoted equity specialist Tony DeSpirito to global chief investment officer, fundamental equities.
Abrdn is cutting about a fifth of its multiasset staff following the departure of its CIO and a decision to restructure.
U.K. money manager Liontrust Asset Management is in talks to acquire Swiss manager GAM.
Crystal McClenthen was appointed as RBC GAM's first head of institutional products-U.S. markets.
Institutional investors are shifting their focus from inflation and interest rate concerns to growth expectations, said Breckinridge’s CIO.
Former Payden & Rygel executive Erinn King was named chief strategy officer at Income Research & Management.
BlackRock reduced CEO Larry Fink's total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing.
