Jesse Pound

Lou D’Ambrosio, chairman of artificial intelligence for GSAM and leader for the firm’s newly launched AlphaAI platform, spoke with P&I about the firm's approach to the emerging technology.

The local pension fund plans to commit between $10 million and $15 million each to middle market buyout funds focused on North America, according to the search notice.

Quincy Contributory Retirement System is searching for private equity managers for small and middle market North American buyout funds, committing $8 million to $10 million each.

Firms like PNC Financial and Bank of America Private Bank have an outsized presence with non-profit OCIO clients compared to other areas like traditional pension plans.

The expected mandate size is between $10 million and $15 million.

Money management executives are putting their weight behind the idea that AI computing power can be repackaged into its own asset class, complete with derivatives markets and specialized investment vehicles.

The proposed funds, with names like Anaheim Ducks ETF and New York Islanders ETFs, are designed to buy futures contracts on specialty indexes that track how well the individual teams perform.

Nomura Asset Management International now has about $200 billion in assets, including the public market assets that were acquired from Macquarie last year.

T. Rowe CEO Rob Sharps has previously called ETFs a top priority for the firm.

Asset managers are restructuring their product teams to handle a surge in complexity and customization.