Grayscale Launches Appeal Against SEC, and Its Shares Rally
The sponsor of its battered bitcoin fund labels as “arbitrary” the agency’s nixing of its ETF conversion request.
News
Investors’ Use of Climate and Greenhouse Gas Information Is Growing, SEC Chair Says
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Slowly It Turns: The Market Rotates Back to Rally Mode
Cyclical stock sectors re-take the lead, but with deliberation, as earnings weaken.
Teacher Pension Costs Triple Since 2001, Report Says
Research finds education retirement costs are significantly outpacing education spending.
Coinbase Acquires One River Digital
The digital asset manager will become Coinbase Asset Management, with CEO Eric Peters remaining on board.
IPOs Start 2023 in the Doldrums, Mirroring 2022’s Sad Showing
With an anxiety-prone stock market not showing a lot of lift after last year’s losses, companies are holding off on going public.
Penn SERS Loses More Than 12% in 2022
No rise in member contribution rates expected for fiscal year that starts July 1.
Australian Regulator Accuses Mercer Super of Greenwashing
The nation’s Securities and Investments Commission is suing the pension fund for allegedly misleading members about sustainability.
‘No Landing’ Economy? Can’t Happen, Says LPL Savant
It “makes no sense” for things to just dither along with no changes, insist Jeffrey Roach and other Wall Streeters.
Politics Heat Up on Brainard Fed Replacement
Elizabeth Warren and other progressives push for a more dovish vice chair to offset Chair Jerome Powell.
Congress Adds Fuel to Anti-ESG Fire
The joint resolution, which President Joe Biden has said he will veto, increases the heat in the U.S. on ESG investing, and asset managers see risks.
Marcy Rappaport Named Director of Business Development, Consultant Relations at Xponance
Rappaport previously served as the director of marketing and client relationship management at LongTrail Alpha.
KKR Elevates Domestic Private Equity Co-Heads to Global Roles
Peter Stavros and Nate Taylor were promoted to global co-heads of private equity, tasked with enhancing connectivity and supporting KKR’s investment model.
Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
Largest Corporate Plans Hit Highest Funded Status Since 2007, Despite 2022 Investment Losses
Higher interest rates lowered liabilities, as average asset losses reach 21% for the fiscal year, a Russell Investments study shows.