Industry News
A roundup of stories from the institutional investment universe.
The $C700 ($489) billion Canada Pension Plan Investment Board has hired Yu Ben Meng as managing director and head of investment portfolio management
LPL Financial is acquiring Commonwealth Financial Network, the largest independently owned wealth management firm in the country, for $2.7 billion in cash.
The Alfred P. Sloan Foundation has hired former Cornell University Head of Private Equity Sean Olesen as managing director of investments
Sona Menon will join Morgan Stanley Wealth Management as its new head of outsourced cio.
The $56.1 billion Illinois Municipal Retirement Fund agreed to increase its target for assets managed by minority- and/or women-owned firms last week.
The California Institute of Technology has hired Children’s Health Executive V.P. and CIO Ken Lee as its next cio to oversee and manage its approximately $4.6 billion in assets.
Commonfund OCIO has hired Tulane University Deputy CIO Julia Mord as its cio.
The $11.5 billion Employees Retirement System of Rhode Island named Elizabeth Caldas as its new deputy cio.
Terrill Sanchez, executive director of the $78.6 billion Pennsylvania Public School Employees’ Retirement System, will retire later this year.
Kevin SigRist has returned to his role as cio of the $128.6 billion North Carolina Retirement Systems
