Record Returns Spur NY to Cut Assumed Return Rate to Below 6%
Employer contributions are also being reduced, while COLAs will be increased.
Asset Management Culture
LPL Financial CIO Burt White to Retire in 2022
He will step down in March after 15 years with the firm.
Apollo Might Launch $500 Million SPAC Fund
The private equity firm reportedly will use the investment vehicle to buy stakes in IPOs and founders’ shares.
No Need for Taper Trepidation for the Stock Market
The situation now is less fraught than during the 2013 tantrum, argues UBS’s Mark Haefele.
Celeb-Backed Crypto Fund Not for New Yorkers … Yet
Residents of the world’s financial capital currently can’t invest in the newly launched Titan Crypto fund.
War of the Celeb Investors: Cathie Wood vs. Michael Burry
The Big Short seer bets against the momentum queen’s suddenly weak ETF.
Allocator Insights Webinar August 17: Consultant’s View
Taylor Mammen, Heidi Poon, and David Tatkow will discuss the best opportunities for investors at 2 p.m.
Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Domestic Equities Weigh Down Japan’s Pension Giant
GPIF’s $1.7 trillion portfolio cools off to start fiscal 2021 after a historic 2020.
Goldman: Dollar Rally Will Fizzle
The greenback has advanced almost 4% since May, buts headwinds await, the firm warns.
Some of the UK’s Largest Asset Managers Back Diversity Initiative
Asset Owner Diversity Charter signatories represent $1.3 trillion in assets under management.
Why Private Equity Is Building an Arsenal of Giant New Funds
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Wells Fargo A.M. Taps Joseph Sullivan for CEO Amid Rebranding
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
Private Equity Sees Record-Breaking Dealmaking in First Half of 2021
With $580 billion in new deals already, EY says the industry is on pace for its first trillion-dollar year.