Jesse Pound
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Articles by Jesse Pound
Institutional investors need playbooks to lean on during risk management crises
Sponsored Content The index of tomorrow starts with decades of market history Amid market uncertainty, Intercontinental Exchange, Inc. (ICE) combines fixed income data, analytics and more than 8,500 indices to help asset owners and managers improve transparency, assess risk and customize portfolio exposures.
What a ‘world of poly crisis’ means for pension fund investments
A rapidly changing geopolitical landscape and persistent inflation are just two of the reasons that pension fund leaders should be wary of the risks facing their portfolios, as well as willing to adapt new methods and tools to achieve better outcomes, according to experts at day one of the Pensions & Investments WorldPensionSummit at The Hague, Netherlands, on Nov. 4. This content is exclusive to P&I Daily subscribers.
WorldPensionSummit announces top 15 Rising Stars for 2026
November 05, 2026 05:45 AM EST The Pensions & Investments WorldPensionSummit has honored 15 individuals who are reshaping the future of institutional investment. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content. Already a subscriber?
European Central Bank president nominee Klaas Knot says DC plans are better shock absorbers than traditional pensions
Sponsored Content Mid-cap stocks: Finding companies in the heart of their growth trajectories In our latest research paper, Fidelity focuses on mid-caps and how they’ve outperformed large and small cap stocks since 2000. Balancing growth potential and mature business stability, mid-caps help deliver diversification and long-term performance. By: Jim Jordan, Institutional Portfolio Manager, Tom Allen, Portfolio Manager, Maurice FitzMaurice, Portfolio Manager
How pension funds can make AI work for them — and ensure employees and members use the tools
November 03, 2026 04:01 PM EST As AI tools rapidly evolve beyond chatbots and advanced search capabilities, pension funds need to find ways to make the technology improve their own workflows while also getting the pickup internally and from the members they serve to make the effort worth it. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content. Already a subscriber?
Standard Life names Michelle Ostermann CEO of retirement solutions, group CIO
Michelle Ostermann is joining Standard Life as CEO of retirement solutions and Group CIO, bringing global experience to the London-based retirement giant.
Evolving prediction markets move beyond binary — and create new tools for money managers
In a few short years, prediction market companies have emerged from relative obscurity to become key characters in the 2026 U.S. election cycle. Now, asset managers need to consider whether these new digital markets can be more than just binary, yes-or-no wagers — and become the underlying architecture for a new wave of financial products. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
How record fundraising, data centers and wealth fueled 3rd quarter alts manager earnings
The largest alternative asset managers are finding success with diverse offerings of strategies, flexing their size to both win over new clients and to drive interest in new strategies, according to their third-quarter earnings reports.
A $94 billion money manager, the Knicks and the Pope all want the same thing: beat Notre Dame
The start of the college basketball season will see the marketing team at Future Standard, New York City sports royalty and the head of the Catholic Church aligned together on a common goal: beat Notre Dame.
Principal Financial wins $500 million OCIO mandate from Iowa hospital
Principal Financial Group has been selected as the new OCIO manager for Mercy Medical Center of Cedar Rapids, Iowa, according to a spokesperson for the financial firm.
Advent International closes latest buyout fund at nearly $27 billion
Advent International closed its latest flagship buyout fund at nearly $27 billion — marking one of the largest private equity fund closes of 2026, but only a modest increase over the firm’s predecessor fund. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
Holding down AI costs emerges as next key step for asset management’s technology revolution
Asset management executives entered 2026 excited about the possibility that productivity breakthroughs fueled by AI were about to start showing up in their financial results. In recent months, the anecdotes about newly automated workflows have been accompanied by something more negative — an acknowledgement that managing the costs of AI is an increasingly essential task. This content is exclusive to P&I Daily subscribers.
Why LPs’ caution around private credit does not foreshadow a pullback
October 23, 2026 08:00 AM EDT Institutional investors are growing more wary about private credit, but that caution points to more interest in top-performing managers and specialization rather than a broader pullback, according to Goldman Sachs Asset Management’s alternatives group. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content. Already a subscriber?
Alts in 401(k) plans could lead to more fee pressure on asset managers
As asset managers race to build private markets products for 401(k) plans, the low fees needed to win over plan sponsors may carry knock-on risks that put downward pressure on what the managers can charge clients in other channels.
How asset managers should approach clients with strong in-house investment teams
October 20, 2026 01:46 PM EDT There is a growing number of highly sophisticated investment allocators around the world, and asset management leaders say a different approach is needed to win the trust of those institutions and turn them into clients.
NYC CIO Monte Tarbox skeptical of ‘mad dash’ into AI investments
October 20, 2026 10:37 AM EDT New York City’s top public investment professional said at an industry conference that he is worried the rapid and large investments in artificial intelligence are going too far and that the pension funds under his purview will be cautious with further commitments to that trend.
AI infrastructure buildout needs even more capital, asset management CEOs say
October 16, 2026 02:05 PM EDT Over the past two years, there has been a steady drumbeat of announcements for new AI infrastructure projects, often totaling in the tens of billions of dollars. The CEOs of top U.S. banks and asset managers say that capital isn’t enough.
RBC GAM’s U.S. buildout continues with ETF plans, hiring push
October 16, 2026 08:00 AM EDT Breaking through in the hypercompetitive U.S. market is a key challenge for many asset managers headquartered in other countries. RBC Global Asset Management is banking on a beefed-up distribution team and a rollout of new ETFs to help expand its footprint in the country south of its Toronto head office.
MSIM rakes in $10 billion for fixed income in third quarter, highest since Eaton Vance deal
Morgan Stanley Investment Management notched its eleventh straight quarter of positive long-term fixed income flows, reaching a new highwater mark since the firm’s acquisition of Eaton Vance. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
Private credit redemption demand eases but remains above key 5% threshold, Fitch says
October 13, 2026 02:17 PM EDT The investor pressure on private credit funds to return money dipped modestly in the third quarter, but it could still take multiple quarters before redemption requests can be completely fulfilled, according to Fitch Ratings.
What Athene’s investments can tell asset managers about where insurance portfolios are heading
Insurance firms pushing further into structured products and other alternatives while reducing their reliance on more traditional bonds is a long-running trend.
Shrewsbury Retirement terminates three equity managers, shifts mandates to PRIT
October 12, 2026 08:00 AM EDT Shrewsbury (Mass.) Contributory Retirement System terminated mandates with three active domestic equity managers and shifted the allocations totaling about $35 million to the statewide Pension Reserves Investment Trust following a review of its small- and midcap equity portfolio.
Tokenization is ‘evolutionary,’ not a revolution. Why asset managers are focusing on income products first.
October 06, 2026 10:00 AM EDT Asset managers and regulators are taking more steps to build out the technology and legal framework for tokenized assets, but the available products in the market remain focused particularly on two key goals: managing cash and delivering income.
Partners Group proposes new wrinkle for private equity fund facing investor redemptions
October 02, 2026 01:51 PM EDT Partners Group has proposed splitting a troubled private equity fund into two portfolios — one focused on giving distributions to liquidity-hungry investors, and another aiming for long-term returns.
Dukes County searches for omnibus index fund manager
Dukes County Contributory Retirement System, Edgartown, Mass., is seeking an index manager who can run strategies in both equities and fixed income. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
North Attleboro seeks investment consultant
North Attleboro (Mass.) Contributory Retirement System is on the hunt for an investment consultant. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
Nuveen’s merger with Schroders is official. Here’s how the new CIO structure will work.
The merger between Nuveen and Schroders officially closed on Oct. 1, creating a $2.6 trillion asset manager with a new leadership structure that blends together the executive and investment leadership of the two firms.
Treasury, IRS take first formal steps in reviewing ‘potentially abusive’ tax-aware strategies
September 29, 2026 03:33 PM EDT The Department of the Treasury and Internal Revenue Service have taken their first formal steps in pushing back against the fast-growing tax aware strategy category, including recharacterizing one type of ETF transaction as taxable.
Schroders private markets leader set to depart as Nuveen merger takes shape
September 29, 2026 12:12 PM EDT Georg Wunderlin is set to leave his role as CEO of Schroders Capital next month, a major leadership change for the private markets arm of Schroders in the middle of the parent company’s merger process with Nuveen.
Arkansas Teachers shakes up opportunistic manager lineup, commits $275 million to private equity and real estate
September 28, 2026 03:02 PM EDT Arkansas Teacher Retirement System, Little Rock, hired a new hedge fund manager and terminated another firm within its opportunistic strategies allocation at a Sept. 28 board meeting and also committed up to $275 million to private equity and real estate.
Massachusetts Water seeks real estate manager
Massachusetts Water Resource Authority Employees’ Retirement System, Chelsea, is searching for real estate managers to run a $40 million mandate. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
Inside Ninety One’s buildout of an emerging markets private credit suite
September 28, 2026 09:00 AM EDT Ninety One’s ongoing push to drive interest in emerging markets private credit has been an iterative learning process for the firm, providing a real-world example of how product design and making the right pitch to the proper client can be keys to fundraising success.
AllianceBernstein CEO to retire in 2027 with president set to take over
September 25, 2026 09:38 AM EDT Onur Erzan is being promoted to CEO of AllianceBernstein, effective April 1, 2027, with longtime leader Seth Bernstein set to retire at the end of the first quarter.
Why Europe’s maturing credit market is elevating specialist managers
European alternative credit appears to be a bright spot in an otherwise weak period for private market fundraising, creating an opportunity for specialist firms with extensive networks on the continent to raise their profile and win over new clients that want to add geographic diversity to their portfolios.
New York City pension funds will weigh $5 billion private markets investment in climate solutions
New York City Comptroller Mark Levine plans to recommend a $5 billion expansion in private market investments aimed at climate solutions, with the capital coming from three of the city’s pension funds.
Vermont commits $187 million to alternatives
Vermont Pension Investment Commission, Montpelier, committed $187 million to alternatives strategies at its Sept. 22 meeting.
Boston Retirement commits $80 million to private credit
September 21, 2026 12:22 PM EDT Boston Retirement System committed $80 million across three private credit strategies at its Aug. 19 board meeting, according to recently published minutes.
JP Morgan strikes $20 billion partnership with Qatar Investment Authority
September 21, 2026 09:59 AM EDT J.P. Morgan Asset Management and the Qatar Investment Authority have agreed to a $20 billion strategic partnership that will span public and private markets, according to a Sept. 21 news release.
Watertown Contributory seeks private credit managers
Watertown (Mass.) Contributory Retirement System is seeking private credit managers to run mandates of $2.5 million to $5 million.
New York City pension funds choose familiar partner to kickstart $4 billion affordable housing plan
September 17, 2026 03:59 PM EDT New York City Comptroller Mark Levine stuck to a familiar path for the first manager hire in his $4 billion affordable housing initiative, announcing a $300 million investment in the AFL-CIO Housing Investment Trust by four of the city’s pension funds.
Cambridge Contributory launches real estate search, hires 2 infrastructure managers
Cambridge (Mass.) Contributory Retirement System is searching for a value-add real estate manager to run up to $30 million.
Goldman Sachs OCIO leader departs for Apollo
September 15, 2026 02:40 PM EDT Timothy Braude has departed Goldman Sachs Asset Management — where he was a key leader in the firm’s fast-growing OCIO business — for Apollo Global Management, according to sources familiar with the matter.
Goldman Sachs raises $11.7 billion for private equity strategies
September 15, 2026 12:56 PM EDT Goldman Sachs Alternatives private equity fund West Street Capital Partners IX has closed fundraising at $9.6 billion, part of a broader $11.7 billion fundraise for private equity announced Sept. 15.
Asset managers worry about costs — what it means for their product lineups
September 15, 2026 07:00 AM EDT Asset management leaders are increasingly worried about costs, and that’s putting more pressure on both new and existing investment products to either prove their worth or get cut to foot the bill for growth elsewhere.
Managing Money for Nuclear Clients with Changing Horizons — Inside Brookfield’s $1 Billion Mandate
Brookfield Asset Management’s $1 billion mandate win from the U.K. Nuclear Liabilities Fund (NLF) — spanning multiple asset classes and fund structures for an open-ended length of time — provides clues about how to manage capital for a client whose investment horizon keeps changing and whose terminal liabilities aren’t easy to model.
Managing money for nuclear clients with changing horizons — inside Brookfield’s $1 billion mandate
Brookfield Asset Management’s $1 billion mandate win from the U.K. Nuclear Liabilities Fund —spanning multiple asset classes and fund structures for an open-ended length of time — provides clues about how to manage capital for a client whose investment horizon keeps changing and whose terminal liabilities aren’t easy to model. This content is exclusive to P&I Daily subscribers. Get unlimited online stories, daily email alerts and access to P&I Searches and Hires content.
Why asset managers are pursuing specialist M&A to add alts strategies
A flurry of dealmaking in the asset management space in 2026 has shown that firms are hunting for ways to build a broader suite of options for clients by pushing deeper into specialized areas, especially in alternatives.
Private markets demand stays strong even as new product launches struggle to scale
September 10, 2026 02:50 PM EDT Global asset managers are feeling pressure from institutional clients to further emphasize private market products, even as some recent strategy launches are having a hard time gaining traction, according to Nasdaq’s “Global Voice of the Issuer” study.
Bridgewater alum Rollins joins Ariel amid leadership changes
September 08, 2026 05:03 PM EDT Melody Rollins and Rodney Cohen have been hired by Ariel Investments and joined the firm’s executive committee, according to a memo from co-CEO Mellody Hobson.
Brookfield wins $1 billion mandate from UK’s Nuclear Liabilities Fund
September 08, 2026 02:36 PM EDT Brookfield Asset Management won a multi-asset mandate from the United Kingdom’s Nuclear Liabilities Fund that has an initial $1 billion commitment, according to a Sept. 8 news release.
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