A big company called Cohen & Steers has a boss named William Scapell, who is in charge of some important money stuff. He will stop being the boss on August 1, 2024, but he will still work there until his retirement. A lady named Elaine Zaharis-Nikas will become the new boss after him. She has been working with Mr. Scapell for a long time and is really good at her job. The company is happy to have her as the new leader because she knows a lot about money stuff too. They want to make sure they have great people like her in charge when the older ones leave. Read from source...
1. The headline is misleading because it mentions two different retirement dates for William Scapell, one effective April 1, 2024 and another effective August 1, 2024. This creates confusion and inconsistency in the readers' minds about when exactly he will be retired. A better headline would have been: "Cohen & Steers Announces Retirement of William Scapell, Head of Fixed Income and Preferred Securities, Effective August 1, 2024".
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Given their expertise and track record in these areas, they may be a good choice for investors looking to diversify their portfolios and generate consistent returns from various sources of income. However, there are also risks involved in investing with Cohen & Steers, such as market volatility, interest rate fluctuations, credit risk, liquidity risk, foreign exchange risk, regulatory risk, operational risk, legal risk, reputational risk and other factors that may affect the performance of their funds and strategies. Therefore, investors should carefully consider their own risk tolerance, investment objectives, time horizon and suitability before deciding to invest with Cohen & Steers or any other investment manager.