Russell Investments is strengthening its profile in the alts space as it welcomes a veteran executive from Goldman Sachs into its leadership.
The global asset manager revealed Monday that it has hired Ayesha Parra as its new global head of alternatives, entrusting her with the responsibility of spearheading the firm's alternatives platform on a worldwide scale.
Parra, who stepped into the role in July, will lead a team dedicated to integrating private markets into Russell Investments’ solutions, aiming to enhance diversification and broaden the company’s alternative investment capabilities.
“Ayesha’s expertise in portfolio management, product development, and distribution strategy will drive our efforts to deliver innovative solutions to clients,” Kate El-Hillow, president and chief investment officer at Russell Investments, said in a statement Monday.
Parra brings nearly two decades of experience from her tenure at Goldman Sachs Asset Management, where she held several key leadership roles. Most recently, she was instrumental in the general partner stakes team within Goldman Sachs’ external investing group.
Her earlier experience includes serving as a senior commodity portfolio manager within GSAM’s fixed income group, where she oversaw the growth of the commodities business and managed significant client relationships and portfolio risks.
“Her leadership and experience will leverage our network of alternatives specialists to develop solutions that help both institutional and retail investors tap into private market opportunities,” El-Hillow said
Parra will be based in Russell Investments’ New York office and will serve as a member of the firm’s Operating Committee, contributing to broader strategic decisions across the company.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
