CAIA Association announces plans to develop modernized core ethics principles by Released | Mar 5, 2024 The Chartered Alternative Investment Analyst (CAIA) Association, the global professional body for the alternative investment industry, has opened a comment period for a new set of ethical principles, which marks a milestone for the association. Recognizing the ongoing transformation within the investment industry, the CAIA Association identified the necessity for a set of ethics principles specifically crafted to address the growth and evolution of alternative investments. These principles aim to reaffirm the CAIA Association's distinct position as a leader in the industry.
NEPC survey shows “retirement crisis” is real, but resolvable by Andrea Zander | Mar 5, 2024 NEPC has released its 18th annual edition of its Defined Contribution (DC) Plan Trends and Fee Survey, which examines current plan investment trends, features and innovations across major sectors and how these plans have evolved over the years. Respondents to the 2023 survey include 128 clients representing $259 billion in aggregate assets and 2.6 million plan participants.
Easterly Asset Management announces partnership with Harrison Street by Released | Mar 4, 2024 Easterly Asset Management, a multi-affiliate platform for high-performing boutique investment managers, has announced a strategic partnership with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with $56 billion in assets under management as of Dec. 31, 2023. Headquartered in Chicago and London, Harrison Street will join Easterly to provide alternative real assets across North America and Europe to clients and expand Harrison Street’s offerings to the private wealth space.
Jay Olander appointed president and CFO at Capital Square by Released | Mar 4, 2024 Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, has announced that Jay Olander has joined the company as president and CFO. He also serves as CFO and treasurer of Capital Square Apartment REIT, a real estate investment trust sponsored by the company. An established leader in the real estate industry with expertise in the REIT and multifamily sectors, Olander brings more than 40 years of proven expertise to Capital Square.
CEO pleads guilty in $658m Ponzi scheme run via real estate fund by Lewis Dayton | Mar 4, 2024 Thomas Nicholas Salzano, the shadow CEO of National Realty Investment Advisors (NRIA), admitted last week to a $658 million Ponzi scheme orchestrated to defraud more than 2,000 investors, announced U.S. Attorney Philip R. Sellinger.
MAI Capital Management acquires LWS Wealth Advisors by Andrea Zander | Mar 4, 2024 MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, has acquired LWS Wealth Advisors.
Vanguard CEO Tim Buckley to retire by Andrea Zander | Mar 4, 2024 Tim Buckley, Vanguard CEO and chairman, will step down by the end of the year, ending a 33-year career at the firm.
Chris Zollo joins Audubon as a senior managing director of investor relations by Andrea Zander | Mar 4, 2024 Chris Zollo has joined Audubon as a senior managing director of investor relations.
Elda River Capital Management announces spin-off from Magnetar by Kali Persall | Mar 4, 2024 Elda River Capital Management has launched as an independent real assets-focused investment firm.
LPL Financial Holdings announces departure of Kabir Sethi by Andrea Zander | Mar 1, 2024 Kabir Sethi will depart LPL Financial Holdings effective March 31.