Newsmakers
Guru Wien’s Investor Read Is Downbeat
They are worried about the pandemic, GDP, inflation and Ukraine, he finds.
Tag: Pandemic
Asset Allocation
Maryland State Retirement System Loses 3% in Fiscal Year 2022
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Asset Allocation
CalSTRS Loses 1.3% in Fiscal Year 2022
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
Newsmakers
Philadelphia Union Pension Sues Amazon for Allegedly Lying About COVID Expansion
Lawsuit claims retail giant’s infrastructure investment was a ‘massive, self-imposed, undue drain’ on its finances.
News
Sovereign Wealth Funds Reap Benefits of Pandemic Dislocation
Direct investments by sovereign wealth funds rise to record level in 2021.
Risk
Should We Even Care If the Yield Curve Inverts?
It’s a classic recession portent. But inversion’s predictive record is spotty.
How Come Volatility Is So Darn Wild?
Lots of bad news is one reason. But changes in the market’s structure figure in, too.
Manager Selection
Shundrawn Thomas to Leave Northern Trust Asset Management
The asset manager’s president since 2017, he will co-found an investing firm to help female and minority business operators.
Newsmakers
Older Workers Aren’t Part of the Great Resignation—They Got Fired
New research shows that many employees ages 55 to 74 who quit working were forced out.
3 Fund Chieftains Explain Why Oil Prices Will Keep Rising
To Britt Harris, Marcus Frampton, and Sean Bill, big forces are aligned to buoy energy costs for a while.
Has the Gabby Fed Gone Too Far in Its Transparency Push?
The central bank’s greater openness these days fuels risky behavior and thwarts flexibility, some say.
Risk
Warning: Tossing Russian Banks From the International System Could Backfire
Credit Suisse says removing the lenders from SWIFT may lead to problems similar to the 2008 and 2020 panics.
Do Stock Buybacks Really Shrink Capital Spending?
Thanks to soaring corporate cash, capex has improved lately, but share repurchases still overshadow it.
Risk
Why Consumer Confidence Is Dropping (It’s Not Just Inflation)
People think the economy’s big gains are behind us, says Comerica’s top economist.
Newsmakers
Why Sometimes Ya Just Can’t Trust Payroll Estimates
Economist Gary Shilling shows how Wall Street projections and the actual official report can be way off.