CalPERS, which divested all of its $4 billion invested hedge funds, named Ted Eliopoulos as chief investment officer. For other updates launch today's Movers & shakers slideshow.
The market is very fragmented. So there a lot of smaller - mom and pop types looking to be acquired for the right price, in addition to the larger players going out there searching for targets. Well we're seeing a lot of the larger players doing the buying. There's XPO logistics, Bradley Jacobs has explicitly said he wants to make acquisitions, the company has the $700 million in capital to back that desire. Just yesterday, Transforce made a $461 million proposal to acquire its rival Contrans. More video