Market Moves
Jeremy Grantham Thinks the Bubble Will Burst … But He Has Some Stock Picks
The noted bearish savant isn’t optimistic in general, but still has some ideas he says will see investors through.
News Archive: Jan - 2021
Market Moves
General Motors Aims to Be Carbon Neutral by 2040
The pledge comes days after John Kerry and Larry Fink called on the private sector to fight climate change.
Alternatives
News From Davos: New Market Needed for Carbon Removal, Says Top Microsoft Exec
The business of reducing carbon will enjoy the ‘full weight of capitalism,’ Brad Smith argues.
Pensions
Canadian Pensions, Pooled Funds End 2020 on High Note
Robust equities spurred a market rebound that provided a strong fourth quarter for retirement plans.
Market Moves
How GameStop’s Robinhood Boosters Are Clobbering Hedge Funds
A ‘flash mob with money,’ their enthusiasm for the ailing retailer’s stock has lost short sellers a reported $23.6 billion.
Pensions
New York City Mulls Lowering Investment Return Targets to 6.8%
A reduction would help the pension system better match projected investment returns.
Newsmakers
News From Davos: US Vows to Throw Weight Behind Climate Change Fight
Special envoy John Kerry said ‘we wasted four years’ under the Trump administration.
Market Moves
What Are the Next Five Meme Stocks After GameStop?
Retail investors in popular subreddit r/wallstreetbets have proven they can drive up stocks for GameStop. Now, they’re on the hunt for other social media favorites.
Market Moves
News From Davos: Larry Fink Tries Rallying Fellow CEOs to Combat Climate Change
BlackRock chief sees ‘tectonic shift’ as enthusiasm mounts for sustainable investments.
Alternatives
Op-Ed: Key Takeaways from Davos on China and ESG in a Post-COVID-19 Era
What should we expect from China’s ESG development in 2021?
Asset Management Culture
Global Foreign Direct Investment Plummets 42% in 2020
Developed nations were hit the hardest, with FDI tumbling 69% from 2019.
Coronavirus - COVID-19
IMF Upgrades Global Economic Forecast for 2021
Amid ‘exceptional uncertainty,’ World Economic Outlook projects 2021 growth of 5.5% after a 3.5% contraction in 2020.
Asset Allocation
Leon Black: A Career-Making 1990 Call and a Career-Ending One in the 2010s
He owes Apollo’s boffo start to the killing he made on an insurer’s then-skanky high-yield bonds. Then came Epstein.
Market Moves
News From Davos: Goldman’s Solomon, ECB’s Lagarde Tout Government Stimulus
In Washington, there’s a fight over more relief, as the European Union just passed a huge aid measure.
Alternatives
BlackRock Looks to Add Bitcoin Futures to Two Funds
The world’s largest asset manager is also seeking a head of blockchain investments.