Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Asset Management Culture
Domestic Equities Weigh Down Japan’s Pension Giant
GPIF’s $1.7 trillion portfolio cools off to start fiscal 2021 after a historic 2020.
Goldman: Dollar Rally Will Fizzle
The greenback has advanced almost 4% since May, buts headwinds await, the firm warns.
Some of the UK’s Largest Asset Managers Back Diversity Initiative
Asset Owner Diversity Charter signatories represent $1.3 trillion in assets under management.
Why Private Equity Is Building an Arsenal of Giant New Funds
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Wells Fargo A.M. Taps Joseph Sullivan for CEO Amid Rebranding
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
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.
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.
How Asset Owners Can Integrate ESG into Fixed Income
Greater data in the asset class will go a long way, says a Willis Towers Watson report.
Air France–KLM Completes De-Risking of Pension Plans
The airline struck a deal with five unions to convert a ground crew pension into a defined contribution plan.
PSERS Trustees Yank Their Request to Oust Executive Director, CIO
Board members at the beleaguered pension fund withdrew their call for a vote of termination at Friday’s meeting.
Korean Asset Managers Earn Record Profits in Q1
The country’s 328 firms saw an aggregate 424.7% increase in income from a year earlier.
Six Pennsylvania PSERS Trustees Seek Termination of Executive Director, CIO
The board members are asking that a vote of no confidence be called at Friday’s pension board meeting.
State Street Launches Digital Division
The new unit will be led by Nadine Chakar, head of State Street Global Markets.