Financial Journal Comptroller Pleads Guilty in Embezzlement Scheme
Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.
News Archive: Dec - 2020
Economic Recovery Backslides Due to COVID Resurgence
‘The economy goes as the virus transmission goes,’ says S&P Global Ratings.
Alternatives
CDPQ, Cathay Take 50% Stake in Taiwanese Wind Farm
The deal amounts to a $2.7 billion transaction.
Regulation
CEO Charged in $119 Million Fraud Targeting South Asian Americans
SEC alleges SiliconSage Builders CEO Sanjeev Acharya targeted community members in Ponzi scheme.
Asset Allocation
OMERS Completes $312 Million Sale of Detroit River Rail Tunnel to Canadian Pacific
The pension fund will sell an 83.5% stake in the transcontinental pathway.
Research
PBGC Pension Programs Continue Divergence
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
Corporate Moves
WK Kellogg CIO Joel Wittenberg to Go into Consulting
The philanthropy has launched a search for a replacement.
Market Moves
Will a Santa Claus Rally Grace This Yuletide?
Forget the 12 days of Christmas: Today marks the beginning of the traditional year-end market jump, LPL says, if it happens.
Coronavirus - COVID-19
COVID-19 Spurs Economic Policy, Investment Trends Acceleration
While some changes induced by the pandemic will fade away, others are here to stay.
Regulation
SEC Lawsuit Against Ripple Could Rattle Crypto Exchanges
Creator of third-largest cryptocurrency, XRP, sued over alleged $1.4 billion unregistered offering.
Asset Management Culture
Dalio Forges ESG Partnership with French Firm
His Bridgewater hedge firm and Lyxor will offer climate-friendly investing vehicle in Europe in 2021.
Asset Allocation
Public Pension’s Share of Government Spending More Than Doubles in 16 Years
Percentage of state and local spending on pensions jumps to 5.2% from 2.3% between 2002 and 2018.
Pensions
Rhode Island Pension Fund Surpasses $9 Billion
State pension fund earns nearly $573 million in November after losing 1.09% in October.
Alternatives
GIC Snaps Up Logistics Assets in India, UK
The Singapore sovereign wealth fund entered two joint ventures this month to acquire and develop warehouses and distribution centers in major commercial hubs.
Asset Allocation
NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.