Penn, Dartmouth, University of Minnesota Endowments Swing to a Loss in 2022
Investment portfolios see sharp reversal from last year’s record returns.
News
The Pattern Resumes: Jobless Claims Slip, Stock Investors Freak Out
After Wednesday’s rally, buoyant job stats remind investors of the Fed’s tightening ways.
Recession’s Market Impact May Already Be Priced In, Says Vanguard CIO
Gregory Davis predicts that a U.S. economic slump, when it occurs, will be mild.
British Pound Falls to All-Time Low Against the Dollar Amidst Political Turmoil
The Bank of England announces emergency measures as U.K. pensions get squeezed in Gilt rout.
Former NTAM CEO Forms New Investment Firm
New group led by Shundrawn Thomas and Anthony Hoye targets lower middle-market firms for private debt, equity and impact investments.
Florida Pension Funds Sue Barclays Over $17.6 Billion Debt Over-Issuance
The Miami pensions call the bank’s failure to prevent massive error ‘deliberately reckless.’
Australian Pension Aware Super Launches Real Estate Platform
Pension fund aims for Aware Real Estate to manage more than A$7 billion in assets within five years.
CIO Announces 2022 Asset Management and Servicing Industry Innovation Award Finalists
On December 6, we will recognize the firms driving change and enhancing performance in institutional investing.
When the Best Stock Gains Are Made: Overnight
After regular trading hours is when equities increase the most, a Bespoke study finds.
NYC Comptroller Accuses BlackRock of Bailing on Net Zero
Brad Lander says the ‘contradiction between BlackRock’s statements and actions is alarming.’
We’ve Entered the Long-Dreaded Earnings Slowdown, Says Strategist
Comerica’s Lynch thinks S&P 500 profits next year will be flat relative to 2022’s blah showing.
New CEO Joining State Street Global Advisors
Yie-Hsin Hung will join in December and succeed retiring State Street Global Advisors CEO Cyrus Taraporevala.
Hartford HealthCare CIO Firing Blindsides Investment Committee
Panel members cite ‘friction’ between ousted CIO David Holmgren and the medical organization’s management.
International Fraud Ring Member Convicted in Scheme Targeting Hedge Fund
Mustapha Raji is found guilty of siphoning $1.7 million from a New York City hedge fund.
Norway Targets Net Zero for Sovereign Wealth Fund by 2050
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.