The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, July 01, 2021|
A $551B-AUM AM's Parent Stands Firm
A publicly traded insurer is standing by its $550.6-billion-AUM (as of March 31) asset management arm as one of several core business lines.
Meanwhile, Houston also unveiled plans to exit a pair of U.S. retail businesses (specifically fixed annuities and individual life insurance), potentially through divestments. He also unveiled further stock buyback plans.
The results of Principal's strategic review have already won the public praise of Mark Cicirelli, U.S. head of insurance for Elliott Investment Management. (Elliott is an activist hedge fund that is also a big shareholder of Principal.)
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