16 Sep ‘Voya’s new CEO looking to broaden alternatives, customized solutions’
Posted at 12:28h
in news
Pensions & Investments – As money managers face growing fee pressure from institutional customers, Voya Investment Management’s new CEO, Christine Hurtsellers, is actively shifting her firm’s focus to strategies that earn more.
“With low rates and equities markets facing secular stagnation, return expectations are lower for clients, so they negotiate harder than ever on fees,” she said.
Ms. Hurtsellers, Voya IM’s former chief investment officer of fixed income, is looking to offer more customized solutions through its alternatives offerings, particularly its growing private credit and quantitative equity programs.