Market Moves
Drama Aside, Meme Stocks Are Having a Good Year So Far
Retail investors holding on to social media darlings have helped some business gain a new lease on life. But many worry that the good times won’t last.
Tag: Investment Fund
Pensions
BCI, Gamut to Invest in Transportation Firm PS Logistics
The Canadian investor is betting on continued growth in the continental shipping of goods.
IIRC, SASB Complete Merger to Form Value Reporting Foundation
Investors expect the consolidation will result in more consistent sustainability standards.
Newsmakers
How the Soros Connection Has Small Bard College Aiming for the $1 Billion Endowment Club
The famed financier has a special Holocaust-related bond with the school’s president. Result: Now there’s a shift from the old method that barely kept the junk-rated institution afloat.
Asset Allocation
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
Corporate Moves
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.
Asset Management Culture
Bard Is Driving Toward a $1 Billion Endowment with Soros Donation
The college must match the philanthropist’s $500 million donation within five years, and it’s already halfway there.
Asset Management Culture
The GameStop Woes Keep Plaguing Melvin Capital
A spate of legal complaints have been filed against the hedge fund over the past two months, as retail investors cry conspiracy and foul play.
Manager Selection
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.
Market Moves
A Record Number of New Retail Investors Signed Up in 2020
They’re younger, more diverse, and they go to their friends and family for investment advice, a new report confirms.
Risk
Ray Dalio Warns Janet Yellen About Perils of a Weaker Dollar
The hedge fund chief cautions the new Treasury secretary against complacency over the greenback’s continued role as the world’s reserve currency.
Market Moves
What Are the Next Five Meme Stocks After GameStop?
Retail investors in popular subreddit r/wallstreetbets have proven they can drive up stocks for GameStop. Now, they’re on the hunt for other social media favorites.
Alternatives
CPPIB Invests $200 Million into Indonesia Logistics Joint Venture
Two partnerships with logistics real estate firm LOGOS will bring up to $1 billion of warehouses in the greater Jakarta area.
Asset Management Culture
Why Smith College Is Moving Its Endowment In-House
The $2 billion fund, now in the market for its first CIO, decided it’s big enough to shift asset management internally.
BlackRock to Double Down on Climate Offenders in 2021
The firm will boost shareholder challenges in 2021 over sustainability issues and expand its probes to twice as many companies as before.