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1 day ago | 
citywire.com | Tania Mitra
Apollo CEO Marc Rowan thinks that credit markets are evolving. ‘I think the notion of liquidity is changing,’ Rowan said on Thursday at Morningstar’s investment conference in Chicago. Rowan expects the credit markets to eventually trade through market makers; just as firms like Citadel and Jane Street have grown to provide liquidity in the equity markets, there is a case for a similar phenomenon in credit. Already have an account?
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2 days ago | 
citywire.com | Tania Mitra
While talk of private assets for wealth ramps up in the asset management industry, Vanguard CEO Salim Ramji says that it’s just the beginning.
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2 days ago | 
citywire.com | Tania Mitra
The last few years have seen a flurry of evergreen products come to market, and now, asset managers are converging public and private investments in these structures. But how much of this is genuine demand from investors and are gatekeepers wary at all? ‘I’m not a skeptic,’ said Kristen Griffin, head of investment manager analysis at UBS. Griffin was speaking on a panel alongside Bank of America’s top gatekeeper, Anna Snider, at the Morningstar Investment Conference in Chicago on Wednesday.
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3 days ago | 
citywire.com | Tania Mitra
Registered Investment Advisor Corient is looking for a new gatekeeper to join its manager research team. The firm is hiring for an investment associate who will evaluate and select managers across asset classes, conduct due diligence on strategies, assess manager performance and provide recommendations for investment decision making. Corient has over 260 partners and $190bn in client assets.
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3 days ago | 
citywire.com | Tania Mitra |Ian Heath
Morningstar has placed the $23m Invesco Developing Markets Equity fund under review due to the exit of portfolio manager Justin Leverenz. The strategy, which has a US version called Invesco Developing Markets (ODMAX) that was once worth $53bn, previously held an overall bronze rating. Leverenz’s exit was announced on Monday. It is unclear why he left the firm. Already have an account? Which of the following best describes your role?
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3 days ago | 
citywire.com | Tania Mitra
Gatekeepers at Morningstar have placed the $14.3bn Invesco Developing Markets fund (ODMAX) under review due to the exit of its sole portfolio manager Justin Leverenz. The fund previously held an overall bronze rating. Leverenz managed the fund since 2007, and barring about one year in between, oversaw it entirely on his own. His exit was announced on Monday. It is unclear why he left the firm.
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3 days ago | 
citywire.com | Tania Mitra
Manulife portfolio manager Emory W. Sanders, head of the firm’s core value equity team, has left the company. He has been replaced by Jonathan T. White, a spokesperson confirmed. White now leads an eight-person value equity team comprised of Michael J. Mattioli, Nicholas P. Renart, Michael Daley, Michael Bokoff, Keith Kirkland, Kassiani Nacopoulos, Joshua R. Yafa and Tatiana V. Johnson.
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4 days ago | 
citywire.com | Tania Mitra
Huntington Bank has appointed Gordon Telfer as its new director of investment management. Telfer has been with the firm since October 2023 as a wealth and investment strategy manager, managing client assets in various strategies, per his LinkedIn.Telfer replaces Chad Oviatt, who left the firm in April for a CIO role at First National Bank (FNB) in Pittsburgh, PA. Oviatt was Huntington’s head gatekeeper since March 2018 and led a team of four due diligence analysts.
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4 days ago | 
citywire.com | Tania Mitra
Boutique real estate alternative investment manager Forum Investment Group has appointed Harry Alcock as head of investments. In this role, Alcock will be responsible for the firm’s real estate acquisition, development and asset management strategy. He will also oversee the expansion of the company’s strategies, identifying growing and emerging opportunities, pursue ‘strategic’ acquisitions and manage risk for consistent performance.
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4 days ago | 
citywire.com | Tania Mitra
Gatekeepers at Morningstar have placed the $14.8bn T. Rowe Price New Horizons fund (PRNHX) under review due to an upcoming manager exit. Sole PM Joshua Spencer will step down from the strategy and leave the firm to ‘explore other opportunities’ on September 30. Shaun Currie will take over as sole PM on October 1, joining the fund as co-PM on July 21. He has been an analyst with T. Rowe since 2015 and became an associate portfolio manager on the T. Rowe Price Small-Cap Value strategy in 2024.
