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Morgan Stanley appoints Sona Menon as head of OCIO business
Morgan Stanley has appointed Sona Menon, formerly a partner at Cambridge Associates, as the new head of its $184 billion outsourced chief investment officer (OCIO) business, effective April. She replaces Alper Daglioglu, who left for Brookfield Asset Management. The OCIO sector is rapidly expanding, with assets expected to reach $4.2 trillion in the U.S. by 2028, driven by nonprofits and healthcare institutions increasingly outsourcing investment management.
post election stock rally raises questions about sustainability and investor strategy
U.S. markets surged post-election, with the S&P 500 closing above 6,000 and the Dow surpassing 44,000 for the first time. Bitcoin also hit a record high of $88,684, while analysts caution that the rally may be overextended, urging investors to remain prudent and diversified amid uncertainty.
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