Powell’s Stock Market Performance: So-So Versus Fed Peers
Of all 16 Federal Reserve chiefs, the current one—who may or may not get a second term—is No. 7 in Dow returns, says CFRA.
News
Public-Sector Pensions Help Drive Canadian Economy
A report finds Canadian plans add C$82 billion to the country’s GDP annually.
Pressure Mounts on CalPERS to Ditch Fossil Fuels
One public commentator accused the pension fund of investing in ‘merchants of death.’
Gold and Bitcoin, Seen as Opposites, Will Become Co-Equals, Says Market Savant
To Peter Boockvar, the two seeming rivals have a lot in common, and will ‘complement’ each other in time.
CalPERS Board Votes to Increase Portfolio Leverage, Maintain 6.8% Discount Rate
The move is indicative of increasing risk-taking among pension funds across the country.
Norway’s KLP Divests From Producers of Controversial Weapons
General Dynamics, Raytheon, and Rolls Royce are among 14 firms excluded by Norway’s largest pension fund.
Surprise: Retail Sales Climbed Last Month
It could just be pre-holiday buying to get ahead of the goods shortages, but the market is pleased.
Quant Hedge Fund Icon AQR Cuts Back as Investors Exit
Amid a laggard spell for these sophisticated math-centric firms, Cliff Asness’ shop has had a particularly tough time.
Siegel: Fed Will Hike Rates Soon, Slamming Stocks
The longtime market bull warns that inflation will bring tighter policy and end the equities party.
Why Is Johnson & Johnson Splitting Into Two Companies?
The conglomerate will be separating its consumer products from its pharmaceutical drugs and medical devices.
CalSTRS New Headquarters Construction Delayed
The setback is expected to cost the pension between $15 million to $21 million.
Why Is Elon Musk Really Dumping Tesla Stock?
He wins popularity with the Twitter crowd, but don’t think he is making any sacrifice here.
Bubble, Bubble: How Bad Will the Bull Market’s Demise Be?
With the market at a record, thoughts of the abyss are rife. Richard Bernstein lays out this dreary view.
CDPQ Invests in M3 Mortgage Group
The Canadian institutional investor has almost 10% of its portfolio invested in real estate.
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.