Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions.
The wholly owned subsidiary of Kaufman Hall & Associates will assume control of PIC’s business, which manages high-grade U.S. fixed-income portfolios with a focus on short to intermediate duration as it relates to the investment of bond proceeds, board designated funds and short-term liquidity management.
"I'm delighted to welcome Ponder Investment Co. to the Kaufman Hall family," said Kate Guelich, managing director and CEO of Kaufman Hall. "Kaufman Hall Investment Management will provide our clients with critical investment management services — adjacent to our existing treasury and capital markets offerings — to help them navigate financial uncertainty and prepare for the future."
PIC’s Britt Cesarone and David Hiteshew join KHIM as senior vice presidents of portfolio management.
"We are excited by the opportunity to join Kaufman Hall Investment Management," Cesarone said. "We look forward to working alongside Kaufman Hall's treasury and capital markets team to meet the ever-changing investment management needs of our clients."
RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.
Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.
The giant alt investments platform's latest financing led by T. Rowe Price and SurgoCap Partners, along with State Street, UBS, and BNY, will fuel additional growth on multiple fronts.
Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.
New report shines a light on how Americans view wealth today.
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.
