private equity

Hedge Funds

Russell Investments sold to private equity firm

Russell Investments has been sold to TA Associates, a private equity firm that specialises in building up fund management companies. The London Stock Exchange Group has sold the global fund management and consulting operations of Russell Investments to TA Associates for US $1.15 billion, with Reverence Capital Partners taking a minority shareholding. Russell Investments will […]
Hedge Funds

HESTA expands and rethinks investment team

HESTA has appointed Gary Gabriel, as general manager of investment strategy and risk, as part of a restructure in responsibilities and reporting lines and a growth in capabilities. Gabriel joins a team that in July appointed James Harman to the role of general manager of listed assets and Andrew Major to the new role of […]
Hedge Funds

Ray King leaves Mercer

Private equity specialist Ray King is leaving Mercer today, after three years at the firm as partner. His role has been cut due to the global restructure of the private markets group at Mercer following the acquisition of SCM, a provider of advice in private equity, real estate and infrastructure, in November 2014. King announced […]
Hedge Funds

Private equity market overheats

Private equity markets are overheated from cheap finance and the best deals are only coming from small niche investments, according to Siguler Guff. George Siguler, the founder of the private equity manager which has $10 billion in funds under management, cites Preqin research that shows managers worldwide have $3.8 trillion invested in the asset class, […]

Profile: David Rae, head of investment analysis at NZ Super

The NZ$25.5 billion NZSuper (AUS$23.6 billion) is intended to reduce the tax burden on future taxpayers to fund New Zealand Superannuation, the retirement benefit paid to eligible citizens by the Federal Government. The government is not scheduled to make withdrawals from it until 2029-30 and the fund will peak about the same time today’s four […]
Investment Strategy

Gulf in best practice growing on alternatives

Some funds are “throwing money out of the window” on alternative assets, by not working out clear objectives for their allocations, according to a senior strategist at QIC. Speaking at the Conexus Fiduciary Investors’ Symposium on the Mornington Peninsula, Tony McKenzie, chief strategist for global multi-asset, told of a widening gulf between funds with highly […]