Get Ready for a Biotech M&A Comeback
RBC Capital, heartened by some billion-dollar-plus deals, sees a new buyout hunger in Big Pharma.
News
Vocal Critic Margaret Brown Is Knocked Off CalPERS Board
Things should be more peaceful once the 'watchdog' leaves, this coming January, but whether CalPERS will be better or worse remains to be seen.
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
CIO Announces Innovation Award Finalists for Dec. 7 Celebration
It’s time to celebrate those who have survived, flourished, and led the way.
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Austin Pension Fund Seeks New CIO
The $3.4 billion City of Austin Employees’ Retirement System has launched a search to replace David Veal.
Why Are Bond Yields Climbing? Not Because of Inflation
The more likely impetus is the end of the Fed’s bond-buying spree, says Natixis’ Lavorgna.
Virus Will Become ‘Manageable,’ Vaccine Chief Says
The co-founder of BioNTech believes COVID-19 will stick around, but not be such a threat.
Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Yellen: Inaction on Debt Ceiling Could Bring a Recession
The Treasury chief decries stalemate in Congress on spending authority.
Washington University, Duke Report Record Fiscal 2021 Returns
The endowments gain 65% and 55.9%, respectively, in what has been a banner year for institutional investors.