What’s Buzzy: Cathie Wood Likes T-Bonds Over Large Caps
The doyenne of disruption thinks deflation will change the game board. Except for her beloved Tesla.
News
Virginia Retirement System Pays Out $7.85 Million in Incentives to Investment Staff
The state pension fund credits an actively managed portfolio for this fiscal year’s 27.5% investment return.
State Pensions Reach Highest Funded Level in 13 Years
US public employee pension plans are projected to be more than 80% funded on average.
NYC Comptroller: Police Withdrawal of Pension Group ‘Defies Logic’
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.
Powell or Brainard? The Next Fed Chair Makes Little Difference, Wells Fargo Says
Some see big contrasts between the Republican incumbent and his reputed rival.
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
Breaking News: Interim CIO Announced at FL SBA
As Ash Williams plans to retire in 9 days, Florida announces interim.
China, Says Chanos, Is a ‘Terrible Place to Keep Your Money
A long-time bear on the Middle Kingdom, the famed short-seller is double spooked by Evergrande.
Northern Trust Taps Angelo Manioudakis as Chief Investment Officer
The co-founder of Lantern Harbor Investment Partners will oversee more than $1.2 trillion in assets under management.
Gensler Stands Up for the Robinhood Gang
It’s OK for meme investors to collaborate on social media, the SEC boss says. Too bad for short sellers.
States Divest Unilever Stock Over Ben & Jerry’s Boycott
New Jersey and Arizona are pulling a combined $325 million out of the consumer goods giant after the ice cream maker said it would stop selling in Israeli-occupied territories.
Why Investors Are Flocking to Uranium
Nuclear power, long on the greens’ ban list, is finding new life, oddly due in part to concerns about fossil fuels.
Madoff Victim Fund Distributes Another $568 Million
The seventh distribution brings the total compensation to victims of the world’s largest Ponzi scheme to more than $3.7 billion.
Buy the Dips Is So … Last Month
Investors’ habit of bagging stocks during temporary slips could be going away, El-Erian warns.