Regulation
SEC Hikes Investment Commitments for Shareholders Submitting Proposals
The Council of Institutional Investors says the change jeopardizes faith in the fairness of US public capital markets.
News Archive: Sep - 2020
Market Moves
Why Today’s Weaker Dollar May Presage a Trump Re-election
When the buck is down, the incumbent party usually wins, LPL Financial research finds.
Research
Boeing Is Now a Conviction Buy, Says Goldman Sachs
Despite continued woes, the aerospace giant should do well in a post-virus world, when plane deliveries resume and the 737 Max is flying, the bank contends.
Market Moves
Nasdaq 100 Is Just Halfway Through Its Plunge, Says Morgan Stanley
The firm’s Michael Wilson sees a further reckoning for the home of the biggest tech names.
Asset Management Culture
SASB Eyes Standards on Internet Content
Guidelines are expected next year on data privacy, freedom of speech, and harmful content.
Risk
Former Cyberfraud Prevention Firm CEO Arrested for Fraud
Adam Rogas could face up to 45 years in prison for his alleged role in a $123 million securities fraud scheme.
Asset Management Culture
Pension Buyouts a Relative Bargain, Says Mercer
Tweaking of Pension Buyout Index shows annuity buyouts cost less than accounting liabilities.
Asset Allocation
Just Minor Adjustments to Portfolio Are the Smartest Move, 3 Key CIOs Say
A trio of investment chiefs overseeing a half-trillion dollars are preparing their funds for low interest rates without drastically overhauling portfolios.
Risk
Former Associates of Rudy Giuliani, Lev Parnas, David Correia, Charged with Conspiring to Defraud Investors
Prosecutors allege their firm, ‘Fraud Guarantee,’ was a guaranteed fraud.
Regulation
Witnesses at UK Parliament Hearing Say Pension Scammers Have the Upper Hand
Regulators have struggled to keep up with the crooks since pension freedoms were enacted.
Market Moves
Banks Still Are Too Weak and Risky, Kashkari Says
Minneapolis Fed head, decrying two bailouts in 12 years, says lenders need more equity capital to buffer against tough times.
Asset Allocation
Texas, MIT Endowments See Strong Gains; Illinois, Missouri Post Weak Returns
Texas, MIT return 9.5% and 8.3%, respectively, while Illinois loses 2.5% and Missouri gains 1.15%.
Asset Allocation
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
Opinion
Op-Ed: A Valuable Tool for Private Equity Fund Investments
Attorneys with global law firm K&L Gates LLP discuss why a model limited partnership agreement could help CIOs.
Newsmakers
Yeah, and Larry Fink Doesn’t Like Remote Work, Either
BlackRock chief says homebound labor stifles cooperation and erodes corporate culture.