The World Anti-Doping Agency has agreed to only use athletes’ highly sensitive personal information for “anti-doping purposes,” Canada’s privacy commissioner announced Tuesday, resolving a years-long investigation into the organization’s data sharing practices. The Office of the Privacy Commissioner of Canada said in a statement that the World Anti-Doping Agency had committed to a series of measures that will help ensure…
Western Asset Management Co., stung by an investor exodus after disclosing that star trader Ken Leech faces a federal investigation, is now losing its role as a subadviser to a Russell Investment Management fund. The $2.2 billion Russell Strategic Bond Fund is winding down the portion of its assets allocated to Wamco to “zero,” according to a filing Friday. Russell expects to…
Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver returns that are orders of magnitude above those of public markets. What makes most investors believe that private capital funds are such clear outperformers? In the first of his three-part series, Ludovic Phalippou,…
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Artificial intelligence (AI) is rapidly evolving from an experimental capability into a core production input across industries. Public markets have responded accordingly, with firms perceived as AI beneficiaries experiencing significant…
