Cybercriminals Attack Major Australian Super Funds
AustralianSuper reported 600 members’ passwords were stolen and money was taken from four accounts.
Risk
With Slower Private Equity Exits, Secondaries Transactions Tick Up
Secondaries volume and pricing increases create an attractive avenue to liquidity for limited partners.
Institutional Investors Expect to Raise Risk Tolerance for Private Markets
Private infrastructure is attracting more attention from pensions, sovereign wealth funds and endowments, per a Nuveen survey.
Direct Lending Default Rate Expected to Rise to 3% in 2025
KBRA anticipates an increase spurred by consumer sector defaults.
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
Investor Group Calls for UnitedHealth to Report Public Health Costs of Denied Access to Treatment
The Interfaith Center on Corporate Responsibility issued a shareholder proposal to examine the economic impact of health care claim denials.
Structured Alpha Manager Settlement Offers Due Diligence Lessons
Investors need to ask about managers’ controls and for ‘evidence’ they are being used, consultant says.
Conflict Not the Biggest Factor in Oil Prices Anymore
Economic factors, especially Chinese demand destruction and the growth of renewables, are flattening demand and increasing market volatility for fossil fuels.
Pension Funds Mount Defenses Against Growing Cyberthreats
Security is ‘top of mind,’ as attacks have grown and insurance is more costly.
Cybersecurity M&A Balloons as Breach Danger Builds
Stealing data to sell, extract ransom or just for mischief is exacting a bigger toll.
Keeping Endowments Safe From Hackers
Cyberattacks on universities have soared, so university endowments are trying to catch up with other industries to ensure their portfolios are safe.
Inflation? Companies Fret Less About It Lately
Mention of price increases dropped sharply in 2Q earnings calls compared with two years before, says FactSet.
Signals of a Coming Recession Are Absent, Ned Davis Says
Forget about retreating to defensive stocks for now, per the firm’s analysts, as the risk of a downturn in the ‘next several months is low.’
China to Raise Retirement Age, Starting in 2025
The new limits are aimed at stretching retirement resources to support the increasingly aged population.
Immigration Critics Overlook the Good It Does, per State Street
The worker influx has led to moderate wage growth and thus held down inflation, according to the firm’s Arone.