Former UBS Wealth Head Tom Naratil Joins Lightyear Capital
Private equity firm Lightyear has tapped Naratil to support growth and investments in the wealth management space.
Source: wealthmanagement.com
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LACERA picks PineBridge for $1 billion in high yield, slates $555 million for alts
LACERA picks PineBridge for $1 billion in high yield, slates $555 million for alts Los Angeles County Employees Retirement Association, Pasadena, Calif., hired PineBridge Investments to manage $1 billion in a high-yield separate account for the $66.4 billion pension fund, according to a closed session report from its April 14 meeting. PineBridge was the only manager selected to manage the mandate following an RFP launched in July 2020, CIO Jonathan Grabel said in an email in response to questions. LACERA's target allocation to high yield is 3%, with a range of zero to 6%. LACERA had $2.2 bil...
Source: pionline.com