Advance Fee Scheme Promoter Gets 14 Years in Prison for Fraud
James Leonard Smith allegedly helped steal nearly $6 million from investors desperate for financing.
News Archive: Aug - 2021
Alternatives
How Endowments and Foundations Can Energize Flagging Returns
A better assessment of risk and active management can turn things around, says a report from NACUBO and Nuveen.
Alternatives
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.
Market Moves
Sure, Delta Cut Goldman’s GDP Forecast, but It’s Not Too Bad
Compared with anemic economic growth in the past decade, things are still looking up.
Pensions
Senators Reintroduce Bills to Bolster Retirement Savings
The four bipartisan bills are sponsored by Sens. Cory Booker and Todd Young.
OK, When Will the Fed Begin Shrinking Its Bond Buying, Anyway?
Split views seen in FOMC minutes are vexing. So let’s hear what Wall Street strategists think.
Asset Allocation
New Mexico Pension Posts Highest Returns in 36 Years
The Educational Retirement Board’s portfolio gained 28.76%, or $3.6 billion for the year.
Corporate Moves
CIO EXCLUSIVE Ashbel “Ash” Williams, CIO of Florida SBA, to Retire in September
In addition to its chief investment officer retiring, 20% of the investment staff members at the fund could retire within the year.
Alternatives
War of the Celeb Investors: Cathie Wood vs. Michael Burry
The Big Short seer bets against the momentum queen’s suddenly weak ETF.
Alternatives
Private Equity Powers Record-Breaking Pension Returns
The asset class has outperformed even public equities for many institutional investor portfolios.
Alternatives
‘Crypto Mom’ Pushes Back Against SEC Over Poloniex Fine
Commissioner Hester Peirce says the regulator needs ‘sensible solutions’ regarding crypto exchanges.
Pensions
Court Rejects Pension Fund Group’s Request to Lead Green Dot Lawsuit
The ruling upholds legislation intended to prevent lawyer-driven litigation.
Group Charged With Sophisticated Global Pump-and-Dump Conspiracy
US authorities allege a Canadian-led group made tens of millions of dollars in penny stock scams dating back a decade.
Alternatives
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.
Alternatives
Woodman, Don’t Spare That Tree: Lumber Price Spiral Is Now Over
The tab for this construction-centric wood, which figures in many asset allocators’ alt strategies, has dropped back as production finally expands.