The California Public Employees' Retirement System announced that Beth Richtman has been selected as Managing Investment Director of the Sustainable Investment Program.

Sara Mathew most recently served as chairman and chief executive officer of Dun & Bradstreet, a company that provides commercial data, analytics and insights for businesses.

Unstable market conditions were supportive for hedge funds, in relative terms. Liquid hedge fund benchmarks were down -1% in March, with Distressed and Special Situations strategies underperforming. On a positive note, low beta strategies did well.

While the US macroeconomic data flow last week was on balance broadly in line with expectations, euro area data surprised again on the downside intensifying concerns about a slowing economic momentum.

Nomura Asset Management Co., Ltd. (“NAM”), a wholly owned subsidiary of Nomura Holdings, Inc., announced that it has entered into a definitive agreement with FinTech company 8 Securities Inc. (“8 Securities”) and its Hong Kong headquartered parent company 8 Limited (“8 Limited”) to acquire shares through a third-party allotment.