State Pension Fund Trustees Fire Chief Investment Officer
The trustees of the $16.9 billion public workers pension fund have fired their chief investment officer, instructing him on Monday to leave the offices of the Employees’ Retirement System and not return, according to sources familiar with the action.
Louisville Foundation Fires Chief Administrator Kathleen Smith
The University of Louisville Foundation has fired Kathleen Smith, an aide to former university president James Ramsey, who named her acting chief administrative officer of the foundation before he resigned last year.
Asian Energy Firms Fired Up By Rally In Oil Prices
HONG KONG: Oil prices pressed on with fresh gains in Asian trade on Tuesday (May 16), boosting energy firms, after Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed ...
Renaissance And Two Sigma, Growing At Stunning Pace, Now Nation's 2nd Biggest Hedge Funds
Robert Mercer, co-CEO of quantitative hedge fund Renaissance Technologies, has been in the public eye this year because of his backing of Donald Trump. His political activities sparked a feud with an ex-employee who claims he was fired for criticizing the views of his boss. But none of this appears to have distracted or impacted Mercer’s business. Renaissance Technologies, which was founded by its billionaire chairman James Simons in 1982, has seen its assets under management swell amid strong performance and investor inflows. Renaissance Technologies now oversees $45 billion, a stunning jump from...
Ex-Employee Claims Trump-Backer Robert Mercer Wrongfully Fired Him For Expressing Political Views
David Magerman says Mercer violated his civil rights for firing him from hedge fund Renaissance Technologies for exercising his right to free speech.
Mercer Sued By Hedge Fund Worker Fired After Blasting Trump
Hedge fund mogul Robert Mercer, one of the biggest financial backers of Donald Trump’s presidential campaign, was sued by a former employee who claims he was fired for calling Mercer racist and publicly criticizing his support of Trump.
AllianceBernstein Parent Abruptly Removes CEO Kraus, Directors
The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus, replacing him with a new chief executive and and new chairman, and overhauled the firm's board, according to a filing Monday that offered little explanation for the unexpected changes.
California Pension Fund Is Latest To Scrap Some Active Managers
A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the fund said.
Investment Firm Founder Settles Suit With Former Company ForM
<p>William Gross, the man who co-founded Pacific Investment Management Company decades ago, reached an agreement with the firm on Monday to dismiss a $200 million civil suit.</p>
<p>Gross, who was fired by PIMCO in 2014, reportedly agreed to dismiss the lawsuit in exchange for $81 million and a few other institutional concessions.</p>
This Real Estate Mogul Was Fired By Lenny Kravitz And Went On To Make Millions
"I thought I wanted to be in the music business," says real estate mogul Sidney Torres.