Why Morgan Stanley Thinks These Stocks Are the Bomb
The Wall Street house gives its semi-annual picks on what can do well in any economy.
Asset Allocation
Private Equity Sees Record-Breaking Dealmaking in First Half of 2021
With $580 billion in new deals already, EY says the industry is on pace for its first trillion-dollar year.
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
TexPERS Returns 4.6% in Fiscal 2020
The performance falls well short of the pension funds’ benchmark and assumed rate of return.
Big Tech Is Too Expensive? Don’t Believe It, Says Cooperman
The billionaire investor thinks high P/Es now offer a better deal than in the future, when they’ll rise more.
Ackman: Delta Variant Won’t Stop a Roaring Economy
Recovery stocks are the place to be, says hedge fund chief, in contrast to his jeremiads of 2020.
CalPERS’ In-House Private Debt Program Is Dead
A California legislative committee killed a bill that would have allowed the pension system to hand out loans without full public disclosures about the borrower.
What’s Going to Happen to the Gold Price?
The yellow metal, after soaring in 2020, had a rough first half this year as recovery took hold. But now…
Exclusive: Minnesota State Pension to Achieve Highest Returns Since 1983
CIO Mansco Perry hits a new record while protecting liquidity.
Why Jeffrey Gundlach Thinks the Dollar Is ‘Doomed’
Federal and US trade deficits will eventually do a number on the greenback, says the Bond King.
Cathie Wood Cuts China Stock Holdings, Leery of Beijing’s Crackdown
The growth stock maven thinks official persecution will squelch valuations, especially of promising tech titans.
CalPERS Reports Preliminary Return of 21.3% for 2020-21
The strong performance triggers a reduction in the assumed rate of return to 6.8%.
GIC Invests $1 Billion into Grifols’ Plasma Business
The funding buys the Singapore sovereign wealth fund a minority stake in the health care firm.
Transamerica Settles 401(k) Lawsuit for $5.4 Million
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
NY Pension Giant Earmarks $3 Billion for Multi-Asset Strategic Deals
The New York State Common Retirement Fund allocated a total of $4 billion during April alone.