News Archive: Apr - 2021

Corporate Moves April 15, 2021

Dalio’s Bridgewater Associates Appoints Two Investment Chiefs to Head Sustainability Venture

Karen Karniol-Tambour was formerly head of research at the hedge fund; Carsten Stendevad was previously chief executive at ATP. 

Market Moves April 15, 2021

Endowment Index Rises 4.43% in First Quarter

Strong equity markets helped index outperform benchmark 60/40 index.

April 15, 2021

SEC Obtains Final Judgment Against Shkreli Lawyer

Evan Greebel allegedly drafted bogus consulting agreements to fend off disgruntled hedge fund investors.

Market Moves April 14, 2021

A New Tech Bubble Is Poised to Pop, Warns Bernstein

Profitless companies with soaring stocks, like Pinterest and Snap, are flirting with trouble, the firm’s analysts say.

Asset Allocation April 14, 2021

Norway Pension Giant Asked to Shed 25% to 30% of Companies from Index

Finance Ministry calls for the Government Pension Fund Global to drop up to 2,200 equity investments.

Regulation April 14, 2021

SEC Finds Potentially Misleading, Unproven Claims by ESG Funds

Agency issues risk alert over poor disclosure practices by some sustainable investment product providers.

Pensions April 14, 2021

US Corporate Pension Funding Nudges Higher in FY 2020

Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.

Newsmakers April 13, 2021

Florida Senate Passes Bill to Move Most State Workers to DC Plan

Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.

Pensions April 13, 2021

Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law

Critics say it will more than double the city’s annual pension costs to $30 million.

Regulation April 13, 2021

Extortionist Pleads Guilty to Crypto Firm Shakedown

Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.

Asset Management Culture April 12, 2021

MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets

The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.

Market Moves April 12, 2021

Look Out: Higher Volatility Is Gonna Hit US, UBS Says

Virus jitters, higher growth and inflation, and a record-setting market will amp up the fear gauge, the bank warns.

Asset Management Culture April 12, 2021

More Investors Are Allocating to Emerging Alternatives Managers

The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.

Pensions April 12, 2021

Funded Levels of Canadian DB Plans Climb to 20-Year High

Surging bond prices helped boost defined benefit plans’ funded ratios to 124%.

Market Moves April 9, 2021

Electric Vehicle Stocks Will Short Out, Arnott Predicts

A lot of the EV makers will go bust, paralleling many once-hot smartphone and airline outfits, says his Research Affiliates.