Not So Junky: Speculative Bond Yields Near 4%
After dire predictions of disaster for high-yield paper, defaults never hit the painful levels forecast last spring.
News
Here’s the Case for Market Optimism, Built on a Virus Retreat
Commonwealth’s McMillan lays out the road back to normal. Hey, investors seem to agree.
Raytheon Technologies to Launch Diverse Manager Program
Asset managers for the $110 billion corporate plans should start hiring with race, gender, and other considerations in mind, CIO Robin Diamonte says.
Private Equity Firms Aim to Double Down on Tech in Post-COVID-19 World
Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
UK Regulator TPR Says DC Pensions Falling Behind on Climate Change
Survey finds that only 43% of defined contribution plans’ investment strategies consider climate change.
Ackman, Griffin, Coleman Are Among Hedge Fund Bigwigs Who Cleaned Up in 2020
These guys were among 15 who personally pocketed $23 billion from their investing scores, a Bloomberg tally shows.
House Includes Pension Reform Plan in COVID-19 Relief Bill
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Op-Ed: How Corporations Can Help Confront Rising Inequality
Amid worries of a K-shaped recovery, corporate leaders and investors can help halt the increase in disparity, global economist and investor Dambisa Moyo says.
Morgan Stanley: Buy Inflation-Sensitive Stocks
A batch of names do very well when modest inflation kicks in, the firm says. Their performance lately is a mixed bag, however.
Oxford University, GAV Start Conservation Venture Capital Fund
The fund has been seeded with a $25 million special purpose investment vehicle.
Cryptocurrency Hedge Fund Founder Pleads Guilty to Securities Fraud
Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’
Jacque Millard, Longtime Intermountain Healthcare CIO, Has Retired
The allocator, who spent nearly 28 years at the fund, is mulling over her next move, while filling her schedule with advisory commitments.
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
Massachusetts Pension Fund Returns 12.6% in 2020, Hits Record Asset Value
The state pension’s annualized returns beat the benchmark over the past one, three, five, and 10 years.
Tips from Druckenmiller: Commodities, Asian Stocks, Big Tech
Despairing of US policy and low interest rates, the billionaire investor makes his case.