Nick Liolis came to an uncomfortable conclusion after taking over Guardian Life’s investment portfolio. Even with roughly $85 billion in assets, the insurer was losing ground.As asset managers consolidated, Liolis believed Guardian faced a choice. It could continue trying to build a traditional in-house investment organization, competing for talent and directly originated deals against much larger firms. Or it could rethink the model, particularly as scale in asset management began to move beyon...
Continue Reading
Sign up for FREE to read the full article and access 131K+ alternative investment headlines.