Helios, a quantitative asset management firm providing an outsourced chief investment officer service, is launching trade execution services that are intended to improve the client support that financial advisors can offer, officials say. The solution is “open to all registered investment advisors (RIAs) and advisors with GeoWealth access via their broker-dealer,” according to Helios. … Read More >>
Evidology Systems Applies A.I. to Compliance & Other News
QED Platform Uses A.I. for Deeper Analysis Regulatory technology provider Evidology Systems reports that the company is using artificial intelligence (AI) technology to implement extensions of its core QED (Quality and Evidence Driven) platform to enable scenario analysis of its underlying model “inside third-party applications and workflows.” The QED platform is a “unique combination of… Read More >>
State Street Finalizes $485M Purchase of GEAM
State Street has closed the deal for its $485 million acquisition of GE Asset Management (GEAM), a divestiture from General Electric Company, and the giant asset manager/custodian has begun the transition of GEAM’s $100 billion in assets under management, officials say. The total purchase price of up to $485 million is “expected to be accretive… Read More >>
PIMCO Adds Distressed Credit EVP
Pimco Hires from Bayside Capital Pimco, the Newport Beach, Calif.-based investment management firm, reports that it has hired Lionel Laurant as an executive vice president and portfolio manager focusing on distressed credit strategies. He will be based in the London office, reporting to Marc Seidner, managing director and chief investment officer — non-traditional strategies. Laurent… Read More >>
Former PIMCO Investment Exec Launches Consultancy
Maisonneuve Founds Financial Consulting Firm Virginie Maisonneuve, a former chief investment officer for equities at PIMCO, as the Pacific Investment Management Company is known, has founded Maisonneuve Global Advisors (MGA), where she is managing director. Maisonneuve is also a director at London-based Notting Hill Digital, which specializes in advising companies about Internet technologies, and is… Read More >>
TIFF’s Chief Investment Officer Resigns
Laurence “Larry” Lebowitz has resigned as chief investment officer (CIO) for The Investment Fund for Foundations (TIFF), which is a financial advisory services firm specializing in endowed charities. The TIFF Advisory Services (TAS) board is currently conducting a search for his replacement, officials say. TIFF’s CEO Dick Flannery will serve as acting top investment officer… Read More >>
Everence Capital CIO to Lead Praxis Mutual Funds
Chad M. Horning, Everence Capital Management’s chief investment officer (CIO) has been named the new president for the company’s mutual fund family, Praxis Mutual Funds, effective March 10, officials say. Everence, whose corporate center is Goshen, Indiana, oversees the Praxis Mutual Funds group. In addition, Horning will serve as a senior vice president for Everence,… Read More >>
