Higher Interest Costs Will Continue for Some Time, Study Says
The so-called ‘natural interest rate’ is on the rise and will keep the cost of money aloft into the 2030s, per Bloomberg Economics.
News
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
UK Chancellor’s Autumn Statement Proposes Pension, Benefits Increases
The Conservative Party government’s plans also include consolidating smaller pension funds and extending programs to spur investing in startups.
Norway’s Pension Giant Bulks Up Boston Commercial Real Estate Holdings
The $1.44 trillion Government Pension Fund Global has been investing in office real estate in the area since 2013.
NYC Pensions Increase Allocation to Emerging Managers Following Outperformance
Minority- and women-owned managers have beaten the city’s pension funds’ benchmarks in all asset classes since 2015.
SEC Accuses Kraken of Operating Unregistered Securities Exchange
The charge will only stick if the court agrees with the SEC that the tokens involved are, indeed, securities.
Nvidia Results Romp, So How Come Its Stock Slipped?
Market-wide forces are impacting the high-flying shares, which have led the S&P 500 all year.
No End in Sight for Venture Capital Struggles
Due to high interest rates, among other things, VC investment in new companies and IPO exits are way down from previous years.
Texas Constitutional Amendment Creates Endowment Fund for Newer Universities
A separate proposition enabling a cost-of-living increase to pensions for retired teachers was also approved.
FINRA Proposes Allowing Projected Performance in Marketing to Institutional Investors
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
Kathleen Jacobs Named CIO of RWJBarnabas Health
After stepping down in September from overseeing NYU’s endowment, the investment chief’s appointment to run the $8 billion system is effective in January 2024.
Tech Stocks’ Multiples Too Rich to Keep Fueling S&P 500 Rise, Says Sage
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
Texas Permanent School Fund Appoints Robert Borden new CEO
Borden was previously CIO of the South Carolina Investment Commission and the Louisiana State Employees’ Retirement System.