Baltimore Pension Funds to Divest From Fossil Fuels
The city council will also consider a legislative package aiming to tackle climate change.
News Archive: Oct - 2021
Litigation Finance Firm Founder Pleads Guilty to Securities Fraud
Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.
News
Moody’s Totes Up the US Budget Standoff’s Economic Threat
Beware of a recession, chaotic global markets, and a weakened US going forward, if the federal spending cap isn’t raised, economist Zandi admonishes.
Risk
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
CDPQ Unveils Climate Strategy to Reach ‘Net Zero’ by 2050
The Canadian pension giant plans to completely exit oil production investments by the end of next year.
Cutting the Costs of Decarbonization
LCP says the answer to reaching net-zero ‘without breaking the bank’ is blowing in the wind power.
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
Asset Allocation
Get Ready for a Biotech M&A Comeback
RBC Capital, heartened by some billion-dollar-plus deals, sees a new buyout hunger in Big Pharma.
Vocal Critic Margaret Brown Is Knocked Off CalPERS Board
Things should be more peaceful once the 'watchdog' leaves, this coming January, but whether CalPERS will be better or worse remains to be seen.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Newsmakers
CIO Announces Innovation Award Finalists for Dec. 7 Celebration
It’s time to celebrate those who have survived, flourished, and led the way.
Newsmakers
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Pensions
Austin Pension Fund Seeks New CIO
The $3.4 billion City of Austin Employees’ Retirement System has launched a search to replace David Veal.
Asset Allocation
Why Are Bond Yields Climbing? Not Because of Inflation
The more likely impetus is the end of the Fed’s bond-buying spree, says Natixis’ Lavorgna.