Risk
Forget Those Two Down Quarters: Look for a Positive 3Q GDP Number
But economists are gloomy about the U.S. economy, even if things look OK now.
News Archive: Oct - 2022
Newsmakers
A Coalition of Republican Attorneys General Targets Banks for Net-Zero Alliance Membership
AGs sent civil investigative demands to the six largest banks in the country to explore claims that the banks’ ESG pledges have harmed the energy sector.
Market Moves
Ladies and Gentlemen, Start Your Engines: Porsche Dual-Class IPO Goes Off Seamlessly
In Germany’s largest IPO since 1996, and Europe’s largest since 2011, Porsche’s IPO hit the road running, raising €9.4 billion on 911 million shares offered.
News
Impact Investing Market Grows to Nearly $1.2 Trillion
Report finds green bonds and corporate impact investing are becoming increasingly prevalent.
Asset Allocation
Falling Markets Send Endowment Index 7.5% Lower in Q3
Oil assets, MPLs were the top performers, while Chinese equities and real estate burdened the hypothetical portfolio.
Risk
Have We Hit the Market Bottom? Maybe Not
When even Morgan Stanley’s house bear, Mike Wilson, sounds upbeat, UBS’s Mark Haefele is skeptical.
News
Northern Trust Asset Management adds Veteran Fed Economist to Fixed Income Division
Antulio Bomfim joins the firm in a newly created role as head of the global macro group.
Research
What Ails the Stock Market: A Stimulus Hangover
Bank of America puts a $13.5 trillion price tag on Washington aid, which set the U.S. up for its current economic travail.
Research
P.E. Deal and Exit Volume Drops in Q3
The number of deals collectively slowed by 20.4% in the third quarter year-over-year, while exits dropped for the third consecutive quarter.
Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Asset Allocation
Stanford University’s Endowment Loses 4.2% in Fiscal 2022
Total assets under management decline to $40.1 billion from $41.9 billion in fiscal 2021.
Manager Selection
Xponance Names New CIO of Alternatives
Xponance, a $12 billion asset multi-strategy investment firm, has added Michael A.B. Orr as managing director & chief investment officer of Xponance Alts Solutions.
Newsmakers
CIO Announces 2022 Asset Owner Industry Innovation Award Finalists
On December 6, we will recognize the allocators driving change and enhancing performance in institutional investing.
Asset Allocation
BofA’s Answer to a Bear Market: Outdex, Don’t Index
The shortcomings of the S&P 500 make this method preferable, says the bank.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’