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      55+ Years of Analysis & Insight

      For more than 55 years, Institutional Investor has delivered the news and analysis that investment professionals need to succeed and stay relevant. Our coverage of the global asset management industry helps you to stay ahead of the curve on the trends and stories that impact your world.

      It’s Not Business as Usual for BDCs

      It’s Not Business as Usual for BDCs
      Here’s Where LPs See Opportunities in an Uncertain Market

      Here’s Where LPs See Opportunities in an Uncertain Market
      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha

      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’

      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’
      Volatile First Half Leaves Credit Hedge Funds Lagging, Despite Pockets of Strength

      Volatile First Half Leaves Credit Hedge Funds Lagging, Despite Pockets of Strength
      Winners Emerge, But Many CTAs Are Deep in the Red Through June

      Winners Emerge, But Many CTAs Are Deep in the Red Through June
      KKR: ‘Don’t Hedge Risk Assets with Government Bonds’ 

      KKR: ‘Don’t Hedge Risk Assets with Government Bonds’ 
      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves

      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves
      The Rise of Oil Options: Why More Traders Are Getting Involved

      The Rise of Oil Options: Why More Traders Are Getting Involved
      Private Markets, Public Access

      Private Markets, Public Access
      Will 2025 Be the Year of Diversification in Equities?

      Will 2025 Be the Year of Diversification in Equities?
      Artificial Intelligence, Meet Private Equity. They’re Here to Help.

      Artificial Intelligence, Meet Private Equity. They’re Here to Help.
      Model Portfolios to Deliver Alternative Asset Exposure

      Model Portfolios to Deliver Alternative Asset Exposure
      Solana vs. Bitcoin vs. Ethereum: How Do They Compare?

      Solana vs. Bitcoin vs. Ethereum: How Do They Compare?
      Open Architecture and Next-Gen Technology Help Support Model Delivery

      Open Architecture and Next-Gen Technology Help Support Model Delivery
      Maximizing Impact: The Role of TAMP Selection in Effective Investment Distribution

      Maximizing Impact: The Role of TAMP Selection in Effective Investment Distribution
      Third Point Is Not the Firm You Think It Is

      Third Point Is Not the Firm You Think It Is
      Biopharma Funds Split as Some Surge, Most Sink

      Biopharma Funds Split as Some Surge, Most Sink
      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha

      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
      A Closer Look at Talent Agency CAA's New Family Office Service

      A Closer Look at Talent Agency CAA's New Family Office Service
      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy

      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
      Is the PE Machine Broken?

      Is the PE Machine Broken?
      What Happens When Public Capital Steps Back? The New Risk Equation in Women’s Health Investing

      What Happens When Public Capital Steps Back? The New Risk Equation in Women’s Health Investing
      Bryn Mawr’s CIO on Liquidity and Navigating Market Turbulence

      Bryn Mawr’s CIO on Liquidity and Navigating Market Turbulence
      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO

      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO
      Brian O’Neil (Briefly) Pauses His Retirement to Oversee Wallace’s $1.7B Portfolio

      Brian O’Neil (Briefly) Pauses His Retirement to Oversee Wallace’s $1.7B Portfolio
      Opinion: Can the ‘Alpha in the Elevators’ Give Active Managers the Edge They Need?

      Opinion: Can the ‘Alpha in the Elevators’ Give Active Managers the Edge They Need?
      Seattle Children’s CIO Puts Conviction Over Diversification

      Seattle Children’s CIO Puts Conviction Over Diversification
      Cleveland Clinic Alum Joins Sanford Health as First CIO

      Cleveland Clinic Alum Joins Sanford Health as First CIO
      Hinge Health’s Planned IPO Attracts a Trio of High-Profile Investors

      Hinge Health’s Planned IPO Attracts a Trio of High-Profile Investors
      The Rise of Oil Options: Why More Traders Are Getting Involved

      The Rise of Oil Options: Why More Traders Are Getting Involved
      MacArthur Taps Nature Conservancy Vet to Replace Outgoing CIO

      MacArthur Taps Nature Conservancy Vet to Replace Outgoing CIO
      Electron Energized in the Second Quarter

      Electron Energized in the Second Quarter
      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO

      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO
      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’

      Podcast: BlackRock’s Rick Rieder Asks ‘What Is Money’
      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System

      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System
      Georgetown Names Lehigh Investment Chief to Oversee $4B Endowment

      Georgetown Names Lehigh Investment Chief to Oversee $4B Endowment
      MSU CIO Philip Zecher’s Scientific Method

      MSU CIO Philip Zecher’s Scientific Method
      Yale Law School Dean to Head Ford Foundation

      Yale Law School Dean to Head Ford Foundation
      Maryland Retirement Appoints New (And Familiar) Acting CIO

      Maryland Retirement Appoints New (And Familiar) Acting CIO
      Infrastructure Debt Positioned Well for the Year Ahead

      Infrastructure Debt Positioned Well for the Year Ahead
      Managers Bet Big on Asset-Based Lenders

      Managers Bet Big on Asset-Based Lenders
      Private Markets Investment Outlook Q2 2025: Opportunities Amid Uncertainty

      Private Markets Investment Outlook Q2 2025: Opportunities Amid Uncertainty
      VC Is Down — But Private Placements for Post-IPO Companies Are Up

      VC Is Down — But Private Placements for Post-IPO Companies Are Up
      The Troubles Plaguing Private Capital Create a Windfall for Secondaries

      The Troubles Plaguing Private Capital Create a Windfall for Secondaries
      REITs Are in a Rut

      REITs Are in a Rut
      Why Private Equity Wins: Reflecting on a Quarter-Century of Outperformance

      Why Private Equity Wins: Reflecting on a Quarter-Century of Outperformance
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal

      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal
      Future Return Expectations Are Not a Straight Line, Especially in U.S. Equities

      Future Return Expectations Are Not a Straight Line, Especially in U.S. Equities
      ‘More Compelling Entry Point’ Coming, Says Discovery

      ‘More Compelling Entry Point’ Coming, Says Discovery
      Will Hedge Funds’ Pivot to Private Markets Help or Hurt Them?

      Will Hedge Funds’ Pivot to Private Markets Help or Hurt Them?
      Third Point Boosts Market Bets in May

      Third Point Boosts Market Bets in May
      Seattle Children’s CIO Puts Conviction Over Diversification

      Seattle Children’s CIO Puts Conviction Over Diversification
      New Vontobel SFA Chief Courts Investors Diversifying Away From the U.S.

      New Vontobel SFA Chief Courts Investors Diversifying Away From the U.S.
      David Einhorn’s Hedge Fund Swooned as the Market Soared Last Month

      David Einhorn’s Hedge Fund Swooned as the Market Soared Last Month
      Lawyer Hopes Case Against LSV Could Be Catalyst for Change

      Lawyer Hopes Case Against LSV Could Be Catalyst for Change
      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha

      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
      Winners Emerge, But Many CTAs Are Deep in the Red Through June

      Winners Emerge, But Many CTAs Are Deep in the Red Through June
      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha

      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha
      What History Reveals About U.S. Debt Downgrades

      What History Reveals About U.S. Debt Downgrades
      Is the SPAC Comeback for Real?

      Is the SPAC Comeback for Real?
      How Tax Changes Will Upend Investing at Endowments and Foundations

      How Tax Changes Will Upend Investing at Endowments and Foundations
      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal

      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal
      New Analysis Suggests PE Funds Are More Volatile Than We Think

      New Analysis Suggests PE Funds Are More Volatile Than We Think
      Biopharma Funds Split as Some Surge, Most Sink

      Biopharma Funds Split as Some Surge, Most Sink
      Here’s Where LPs See Opportunities in an Uncertain Market

      Here’s Where LPs See Opportunities in an Uncertain Market
      Larry Robbins’s Hedge Fund Is Still in the Red

      Larry Robbins’s Hedge Fund Is Still in the Red
      Why Small-Caps Could Outperform in the Next Economic Cycle

      Why Small-Caps Could Outperform in the Next Economic Cycle
      Volatile First Half Leaves Credit Hedge Funds Lagging, Despite Pockets of Strength

      Volatile First Half Leaves Credit Hedge Funds Lagging, Despite Pockets of Strength
      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves

      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves
      Is the PE Machine Broken?

      Is the PE Machine Broken?
      Third Point Is Not the Firm You Think It Is

      Third Point Is Not the Firm You Think It Is
      Biopharma Funds Split as Some Surge, Most Sink

      Biopharma Funds Split as Some Surge, Most Sink
      It’s Not Business as Usual for BDCs

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      Here’s Where LPs See Opportunities in an Uncertain Market

      Here’s Where LPs See Opportunities in an Uncertain Market
      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha

      Repricing Risk: Why Investors Are Looking Beyond the U.S. for Alpha
      A Closer Look at Talent Agency CAA's New Family Office Service

      A Closer Look at Talent Agency CAA's New Family Office Service
      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO

      Rich Nuzum Joins Franklin Templeton to Lead Its OCIO
      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy

      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
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      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise

      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise
      Profit Pressure: Why COOs and CFOs are Bracing for a Tough 2025

      Profit Pressure: Why COOs and CFOs are Bracing for a Tough 2025
      Investors Reach for What They Recognize

      Investors Reach for What They Recognize
      CFOs and COOs Show Less Favor in Emerging Markets

      CFOs and COOs Show Less Favor in Emerging Markets
      Out with the Old, in with the New

      Out with the Old, in with the New
      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums

      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
      Allocators and Asset Managers Tell Us What Concerns Them Most

      Allocators and Asset Managers Tell Us What Concerns Them Most
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      What Happens When Public Capital Steps Back? The New Risk Equation in Women’s Health Investing

      What Happens When Public Capital Steps Back? The New Risk Equation in Women’s Health Investing
      Investors Reach for What They Recognize

      Investors Reach for What They Recognize
      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System

      Visionary Recognition: Andrew Palmer, Chief Investment Officer, Maryland State Retirement and Pension System
      Judy Chambers, Managing Director, Meketa Investment Group

      Judy Chambers, Managing Director, Meketa Investment Group
      Leena Bhutta, Chief Investment Officer, Doris Duke Foundation

      Leena Bhutta, Chief Investment Officer, Doris Duke Foundation
      Kasia Karapuda, Director of Investments, Oberlin College Investment Office

      Kasia Karapuda, Director of Investments, Oberlin College Investment Office
      Kristin Agatone, Chief Investment Officer, Lehigh University

      Kristin Agatone, Chief Investment Officer, Lehigh University
      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury

      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury
      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise

      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise
      Strategic Gaps and Leadership Blind Spots

      Strategic Gaps and Leadership Blind Spots
      Shifting Product Priorities: What Firms Have Added in the Last Five Years

      Shifting Product Priorities: What Firms Have Added in the Last Five Years
      CIOs Tell Us What Concerns Them Most in 2025

      CIOs Tell Us What Concerns Them Most in 2025
      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums

      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
      Bear Market Warning Signals Begin to Emerge

      Bear Market Warning Signals Begin to Emerge
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      Trump 2.0 and the Markets

      Trump 2.0 and the Markets
      Valuations Have Dropped, but Not Enough to be “Cheap”

      Valuations Have Dropped, but Not Enough to be “Cheap”
      Why Small-Caps Could Outperform in the Next Economic Cycle

      Why Small-Caps Could Outperform in the Next Economic Cycle
      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy

      Paying it Forward: A Fidelity CIO’s Journey to Purposeful Philanthropy
      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves

      While Inflation Grabs Headlines, Employment Numbers Drive Market Moves
      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha

      Robeco Fundamental Equities: High-conviction Strategies to Target Alpha
      What History Reveals About U.S. Debt Downgrades

      What History Reveals About U.S. Debt Downgrades
      Podcast: Uncovering Opportunities in Direct Real Estate

      Podcast: Uncovering Opportunities in Direct Real Estate
      Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity

      Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity
      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios

      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios
      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise

      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise
      U.S. Imports Surge Amid Tariff Uncertainty

      U.S. Imports Surge Amid Tariff Uncertainty
      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit
      Trump 2.0 and the Markets

      Trump 2.0 and the Markets
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      600 Asset Managers | 90+ Annual Events

      We drive growth by creating communities across the investment ecosystem and foster conversations where members share their collective intelligence, innovative observations, and experience as industry leaders in an off-recording setting.

      SEP 9-12

      2025 International TraderForum

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 9-10

      2025 European Fixed Income Trading Summit

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 9-10

      RIA West Investment Forum 2025

      Balboa Bay Resort | Newport Beach

      SEP 9-10

      17th Annual DC Institute Half Moon Bay Symposium

      The Ritz-Carlton | Half Moon Bay

      SEP 9

      2025 MENA International TraderForum

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 10

      第20回年次日本投資フォーラム 20th Annual Japan Investment Forum

      The Shangri-La Hotel Tokyo | Tokyo

      SEP 14-16

      22nd Annual West Coast Family Office Wealth Conference

      Montage Laguna Beach | Laguna Beach

      SEP 16-17

      Retirement Plan Advisor Summit - West 2025

      Balboa Bay Resort | Newport Beach

      SEP 17

      2025 한국 글로벌 투자 포럼 2025 Korea Global Investment Forum

      Four Seasons Hotel Seoul | Seoul

      SEP 17-19

      UK Forums 2025 European Investment Roundtable

      Copenhagen Marriott Hotel | Copenhagen

      OCT 14

      2025 Asia Private Market Leaders Forum

      Conrad Hong Kong

      NOV 6

      2025 北京环球投资论坛 2025 Beijing Global Investment Forum

      The Ritz Carlton Beijing, Financial Street | Beijing

      FEB 2-4

      Endowments & Foundations Roundtable West 2026

      Fairmont Scottsdale Princess | Scottsdale

  • About Us
Imogen Rose-Smith
Premium
The Fall of a Hedge Fund Financier
Did Arpad Busson pay someone to take his baccalaureate for him?
Imogen Rose-Smith March 15, 2017
2017-02-alpha-imogen-rose-smith-arpad-busson-large.jpg

       Illustration by Yarek Waszul. Arpad (Arki) Busson attended the January hearing in Manhattan Supreme Court dressed in a dark suit and clutching a copy of the Financial Times, the pink newspaper that serves as a

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