New SEC Proposal Would Limit Bulk Discounts for Exchange Trading
Exchanges would be forbidden from offering volume-oriented rebates or pricing for broker/dealer agency orders.
News
PBGC Updates Premium Rates, Guarantee Levels for 2024
Most measures are still tied to inflation, but SECURE 2.0 capped the variable rate for single-employer plans at 5.2%.
Illinois Teachers’ Names Ghiané Jones as Deputy CIO
Previously an investment consultant with Meketa, Jones started in the newly created position on October 10.
Mature Asset Managers Increase Hedge Fund Market Share to 84%
Seward & Kissel’s annual report based on fund side letters attributed the gain to a fundraising advantage over newer firms trying to establish a toehold.
Critical Cyber Controls
What are the key controls and processes for supporting effective cybersecurity in asset management?
Volatility: Treasury Bonds Fluctuating Even More Than Stocks
The price swings on government paper these days are ‘extremely elevated,’ according to the Bespoke Investment Group.
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.
Netherlands Ranks 1st Among 47 Global Pension Systems
The 2023 Mercer CFA Institute Global Pension Index ranked pension funds around the world on adequacy, sustainability and integrity; the US got a C+.
How to Analyze Investments’ Hacking Vulnerability
Can tools like the ISS ESG Cyber Risk score help institutional investors navigate exposure to digital attacks?
CalPERS’ Private Equity Allocation Remains Nearly $7B Under Target in Q3
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
Preparations Are Key to Weathering Cybersecurity Incidents
The SEC’s new cybersecurity rules and the importance of having an action plan were the subject of CIO’s Cybersecurity livestream.
Complex Products, Including Crypto, Highlighted in SEC Exam Priorities
Variable annuities, certain REITs and private holdings were other examples listed in the notice.
Charles Stewart Mott Foundation Names Nancy Orr as New CIO
Starting the transition on November 1, Orr has more than 20 years of experience in institutional investing.
So Interest Rates Won’t Rise Anymore, Eh? Not So Fast
Lombard’s Blitz makes the case for why the Fed will keep hiking, all the way up to 6.5%.
Industry Opposition Hardens Against SEC’s Proposal on AI, Conflicts
Though the comment period ended three days ago, panelists at a Security Traders Association conference offered continued criticisms of the controversial SEC proposal.