Carlos Rangel Tapped as CIO of W.K. Kellogg Foundation
He replaces Joel Wittenberg, who has retired after 11 years with the organization.
News
Ray Dalio Warns Janet Yellen About Perils of a Weaker Dollar
The hedge fund chief cautions the new Treasury secretary against complacency over the greenback’s continued role as the world’s reserve currency.
Institutional Investors Demand Political Transparency from BlackRock
State treasurers and public pension funds say they fear an erosion of political stability after the attack on US Capitol.
Jeremy Grantham Thinks the Bubble Will Burst … But He Has Some Stock Picks
The noted bearish savant isn’t optimistic in general, but still has some ideas he says will see investors through.
General Motors Aims to Be Carbon Neutral by 2040
The pledge comes days after John Kerry and Larry Fink called on the private sector to fight climate change.
News From Davos: New Market Needed for Carbon Removal, Says Top Microsoft Exec
The business of reducing carbon will enjoy the ‘full weight of capitalism,’ Brad Smith argues.
Canadian Pensions, Pooled Funds End 2020 on High Note
Robust equities spurred a market rebound that provided a strong fourth quarter for retirement plans.
How GameStop’s Robinhood Boosters Are Clobbering Hedge Funds
A ‘flash mob with money,’ their enthusiasm for the ailing retailer’s stock has lost short sellers a reported $23.6 billion.
New York City Mulls Lowering Investment Return Targets to 6.8%
A reduction would help the pension system better match projected investment returns.
News From Davos: US Vows to Throw Weight Behind Climate Change Fight
Special envoy John Kerry said ‘we wasted four years’ under the Trump administration.
What Are the Next Five Meme Stocks After GameStop?
Retail investors in popular subreddit r/wallstreetbets have proven they can drive up stocks for GameStop. Now, they’re on the hunt for other social media favorites.
News From Davos: Larry Fink Tries Rallying Fellow CEOs to Combat Climate Change
BlackRock chief sees ‘tectonic shift’ as enthusiasm mounts for sustainable investments.
Op-Ed: Key Takeaways from Davos on China and ESG in a Post-COVID-19 Era
What should we expect from China’s ESG development in 2021?
Global Foreign Direct Investment Plummets 42% in 2020
Developed nations were hit the hardest, with FDI tumbling 69% from 2019.
IMF Upgrades Global Economic Forecast for 2021
Amid ‘exceptional uncertainty,’ World Economic Outlook projects 2021 growth of 5.5% after a 3.5% contraction in 2020.