Cornell Endowment Returns 3.6% in Fiscal 2023
With a return ranked 2nd in the Ivy League this year, the university reported a net investment gain of $355 million.
News
Local 210’s Plan Receives $49.3M PBGC Grant
The New York-based plan was projected to become insolvent in 2026.
CFA Institute Produces Plan to Gauge OCIO Performance
The framework, now out for comment, calls for extending GIPS to outsourced investment managers, with rules for things like fee disclosures and benchmarking.
Florida State Board of Administration Reducing Allocation to Stocks
The state’s allocation to alternatives will increase in the newly adopted investment plan.
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
Nebraska Investment Council Appoints Ellen Hung as State Investment Officer
Hung was previously deputy CIO of the State Universities Retirement System of Illinois.
Housing Seems OK, but Beneath the Surface, It’s Another Story
The economic bellwether has posted some good numbers, although analysts say problems lurk in the long run.
Princeton Endowment Declines 1.7% in Fiscal 2023
Ivy League endowments trended weaker in the year that ended June 30, but Princeton is the first institution to report a result in the red.
Favorable Economic Conditions Fuel Q3 Rise in Annuity Sales
Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.
Gensler Says No New Regulations Needed for Crypto
The enforcement actions taken by the SEC against cryptocurrency actors are justified under existing law, the SEC chairman said at a conference.
BlackRock to Pay $2.5M SEC Fine for Charges of Inaccurate Disclosure
The SEC charged the asset manager with describing a marketing firm as a financial services firm.
Norway’s Sovereign Wealth Fund Drops $44.7B in Market Value in Q3
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
Why Big Tech Earnings May Trigger a New Stock Surge for the Sector
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.
Why Private Equity Is Still Dogging It
A host of macro problems leave PE fund investors with just small gains.
DC Circuit Court Orders SEC to Reconsider Bitcoin ETF
The court ruled in August that the SEC had unfairly blocked the Grayscale bitcoin ETF, given the SEC had already approved two bitcoin futures ETPs.