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UC Regents Loses Investment Pro to Arlington's Retirement System

The University of California’s investments director is heading to Arlington, Virginia to take on the role of executive director and chief investment officer for the county’s retirement system.   Susie Ardeshir will join the $3 billion Arlington County Employees’ Retirement System to lead its investment office in July. Arlington County is one of the few pensions in the country that is 100 percent funded, meaning it has enough money to meet its pension promises.  Ardeshir is succeeding Daniel Zito, who has been Arlington’s CIO for the past 13 years and is now retiring. Ardeshir Will Become Arlington’s First Female CIO

Blackstone hires co-head from university for hedge fund unit

2 Min Read BOSTON, Jan 11 (Reuters) - Blackstone Group, the world’s biggest hedge fund investor, is bringing in a former endowment chief at Brown University as the co-head of its Blackstone Alternative Asset Management (BAAM) unit. The company has hired Joe Dowling to join John McCormick who has run the $78 billion hedge fund unit since early 2018, the company confirmed on Monday. The Wall Street Journal first reported the news. Blackstone’s hedge fund unit backs new hedge funds, invests alongside hedge funds, buys majority stakes in them and offers internally run hedge funds. All businesses have expanded since McCormick was promoted to head the unit.

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