Norway’s Pension Giant Lost $215 Billion in First Three Quarters
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
News
So the Fed Will Finish 2022 With a Rate-Hiking Bang, Then Coast, Right?
The futures market expects raises Wednesday and next month, maybe reaching a peak.
Proposed Legislation Aims to Improve Diversity in College Endowment Asset Management
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
Higher Rates to Squeeze Middle-Market Private Credit Market, Reports Kroll
Kroll report details a private credit sector protected from systemic risk by financing dexterity, and strong relationships between private equity sponsors and private credit lenders.
Inside the World of Private Equity: Anxiety, Elation and Sangfroid
The hot asset class for allocators, PE is its own world, according to an insider’s book.
Illinois Teachers Pension Invests Nearly $1.5 Billion in Alts
Retirement system’s funded level rises 1.3% in fiscal 2022 despite investment loss.
Goldman: Due to High Volatility, Now’s the Time to Bet on Earnings Reports
Take out options on how the market will react to an array of 3Q results coming up, the firm says.
Hedge Funds’ Side Letter Usage Remains Constant, as Redemptions Continue
51% of all investors using the individualized agreements are fund-of-funds investors, while $20.75 billion was redeemed from hedge funds in September.
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
New Jersey Pension Fund Loses 7.9% in Fiscal 2022
Falling markets wipe out close to $10 billion in asset value.
How Bad Is Meta’s Influence on the Market? Bad
Compared with other FAANG members, the company previously known as Facebook is in another league. Its collateral damage, though, was painful.
Erroneous Executive Incentive Pay Must be Recovered, Says SEC
A new finalized rule by the SEC would require securities firms to ‘clawback’ executive incentive pay if it was based on an accounting error.
Republican Committee Control Presents “Headline Risk” for ESG, Says Investment Bank
Managers at firms with an ESG strategy should expect to be summoned to committee hearings should the Republicans take either house.
How Will the Midterm Elections Affect Stocks, Anyway?
They usually go up after the vote, with the uncertainty over. But maybe not this year, warns Schwab’s Liz Ann Sonders and some other Wall Street savants.
NYC Pension Launches Dashboard, Reveals 25% Alts Allocation
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.