Asset Allocation
Why Tech Rally Will Spread Beyond Magnificent 7
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
News Archive: Nov - 2023
Rockefeller Foundation Pledges to Go Net Zero by 2050
The $6 billion endowment will be the largest to pursue a net-zero target.
Regulation
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Market Moves
KKR Announces Acquisition of Remaining 37% of Global Atlantic for $2.7B
The private equity giant has owned a majority share since 2021, and the transaction continues a trend of private equity companies buying insurance companies.
Alternatives
Treasury’s Record $4.3B Crypto Exchange Fine Adds to Pressure on Digital Assets
Binance was fined for money-laundering just after Kraken was charged and less than one month after a jury found FTX's Sam Bankman-Fried guilty of fraud.
UN’s Net-Zero Asset Owner Alliance Proposes Climate Engagement Guidelines
A new report from the United Nations initiative aims to guide asset owners in setting and communicating about ESG goals with their asset managers.
Research
Inflation Is Down, but How Long Will That Last?
For several years, a Natixis report finds, as the price trends mostly point downward.
Asset Allocation
New York State Common Earmarks $1.9B in September Investments
More than half of the monthly commitments were made within the pension giant’s credit portfolio.
Asset Allocation
Sovereign Wealth Funds Taking Up Larger Share of Global Asset Ownership
As of 2022, SWFs make up 38.9% of total assets among the world’s largest 100 asset owners, up from 32% in 2021.
Research
Higher Interest Costs Will Continue for Some Time, Study Says
The so-called ‘natural interest rate’ is on the rise and will keep the cost of money aloft into the 2030s, per Bloomberg Economics.
Regulation
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
Pensions
UK Chancellor’s Autumn Statement Proposes Pension, Benefits Increases
The Conservative Party government’s plans also include consolidating smaller pension funds and extending programs to spur investing in startups.
Asset Allocation
Norway’s Pension Giant Bulks Up Boston Commercial Real Estate Holdings
The $1.44 trillion Government Pension Fund Global has been investing in office real estate in the area since 2013.
Manager Selection
NYC Pensions Increase Allocation to Emerging Managers Following Outperformance
Minority- and women-owned managers have beaten the city’s pension funds’ benchmarks in all asset classes since 2015.
Risk
SEC Accuses Kraken of Operating Unregistered Securities Exchange
The charge will only stick if the court agrees with the SEC that the tokens involved are, indeed, securities.