Quincy Pension Loses $3.5 Million After Cyberattack
A growing number of pensions are becoming targets of cybercrime.
News
Wall Street Tonic: Russia Claims It Is Withdrawing Some Military Units
The prospect of de-escalation from the Ukraine border, as yet unproven, buoys stocks.
A Conversation With Jason Safran, Texas Christian University’s New Chief Investment Officer
The TCU alum named two key areas of opportunity he is looking to expand on.
The 10-Year Will Hit 2.5% This Year, and Maybe 3%, Per Gundlach
The Bond King sees rising rates (belatedly) helping to fuel the benchmark Treasury yield’s advance.
Teamsters Pension Applies for Bailout After $58 Million Legal Appeal Dismissed
A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.
How to Rate-Hike Proof Your Portfolio, Per Northern Trust
The firm’s remedy: Go for junk bonds and natural resources stocks, as the Fed tightens.
Risk Aversion Strategy Causes Colorado Pension to Lose Out on Millions
Lawmakers required the fund to keep cash in a low-interest bank account to avoid risk.
Regulators Accuse Investment Firm of Preying on Elderly
The SEC and CFTC allege an LA firm continues to target mostly elderly or retirement-aged victims as part of a precious metals scam.
Black Gold Indeed: Oil Finally Seems Poised to Hit $100
Restrained supply and ravenous demand likely will return it to three figures, says Canaccord.
Yale to Investigate Chinese Investments Over Human Rights Concerns
A university committee will determine if any companies are ineligible for investment from its $42.3 billion endowment.
HeadSpin Avoids SEC Penalty Through Remediation
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
New York Common Returns 4.74% in Q3
This quarter’s returns were significantly better than the last one’s.
Spreads Are Narrowing: Could We Get (Gulp) an Inverted Yield Curve?
With short rates climbing faster than long ones, this recession harbinger isn’t out of the question.
SEC Proposes Reporting Changes for Private Equity, Hedge Fund Advisers
The regulator says the amendments would improve systemic risk assessment and bolster oversight.
Rhode Island Pension Fund Hits Record but Misses Benchmark in 2021
Its investment portfolio value nears $10.8 billion after a 17.27% annualized return net of fees as the fund boosts its private equity allocation.