Market Moves
Schwarzman Predicts Gentler Biden Approach to Beijing
Blackstone head has been close to Trump, but he also is an investor in Chinese companies.
News Archive: Jan - 2021
Risk
Valuations for Tech Make ‘Less and Less Sense,’ Says Dan Parker
Long large-cap technology stocks are a consensus trade, which is a problem for several reasons, according to the investor.
Corporate Moves
General Electric Proposes Freezing UK Pension Plans
Move would affect 2,800 employees in two defined benefit plans starting in 2022.
Pensions
Outlook Improves for Multiemployer Reform in 2021, 2022
Democratic control of Congress could help break the deadlock over passing legislation to protect pensions and the PBGC.
Asset Allocation
Dimon Frets Over Weak Recovery and Fintech Rivals
That’s even as the JPM chief just turned in record earnings, and bank stocks are almost recovered.
Asset Allocation
NYC Comptroller Calls for SEC to Investigate Tyson
The Empire State’s pension system is mounting investor pressure against the poultry giant, which has been criticized for its pandemic safety practices in its plants.
CIO Hosts Geopolitics Webinar at 2 p.m. ET Today
Walter Kress, Phillip Nelson, and Jason Thomas will help CIOs see around corners.
Asset Allocation
North Carolina State Pension Returns 11% to End 2020 at Record High
State Treasurer Dale Folwell credits a conservative investment strategy for the fund’s strong performance.
Pensions
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
Alternatives
Real Estate Offers Opportunities for Private Market Investors in 2021
Mercer says investors should increase their risk appetite and consider allocating to real estate this year.
Asset Allocation
Endowment Index Ends Second Straight Year at Record High
Despite 10.14% rise during 2020, the index still underperformed a 60/40 stock-bond portfolio.
Risk
VC Firm CEO Gets Six Years in Prison for Ponzi Scheme
David Wagner solicited nearly $10 million and used investor funds to buy a Porsche and pay earlier investors.
Stumbling Capital Spending Set to Get Up and Running
After capex rebound, financial and industrial stocks should benefit most, BCA study says.
Pensions
US Corporate Pensions Funding Drops in 2020 Despite Robust Returns
Aggregate investment return of 11.72% wasn’t enough to counter falling interest rates.
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.