Democrats Favored to Win the Senate, but Odds Narrow, Goldman Says
The firm’s analysis, based on stocks affected by a Biden tax boost, tracks findings of the prediction markets.
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DOL, Dubious About ESG Pension Investing, Cuts It a Bit of Slack in Final Rule
The regulation still requires that plans only use financial considerations in investments, but says companies’ pollution and bad governance may be factors, too.
Citigroup Targeted by Lawsuit from Florida City Pension in Revlon Mess
The bank’s $900 million mistaken payments to Revlon creditors have harmed its stock, which the retirement system and others are invested in, suit says.
Net Zero Becoming More Affordable Says Goldman Sachs
Advances in technology, finance, and shareholder engagement are significantly reducing the cost of de-carbonization.
Biden Tax Hikes Would Help Junk Bonds, Says Market Savant
Maybe not so much stocks, but high-yield is well-positioned if the Democrat wins and enacts his agenda, Northeast’s Monrad forecasts.
Local Pension Plans Benefited from Shifting Money to MassPRIM, Report Says
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
Alts Investors Expect Deal Activity to Return in 2021
However, the way they make those deals will likely change forever.
UK Pension Consolidation, Climate Change: Main Trends over Next 5 Years
Survey finds pension industry executives believe combating global warming takes preference over generating high returns.
Canadian Diversified Pool Funds Return 4.4% in Q3
Robust quarterly returns were not enough to overcome falling interest rates as solvency ratio drops from beginning of year.
Ray Dalio Sounds the Alarm about a Rising China
US weaknesses give the world’s second largest economy an opening, he warns.
Stanford, Princeton Endowments Return 5.6% Each in 2020
The New Jersey school ends the year among the bottom half of Ivy League endowments.
UK Regulators Fine Goldman Sachs International $126 Million for 1MDB ‘Failures’
The Financial Conduct Authority and the Prudential Regulation Authority said the firm allowed severe misconduct to go unaddressed.
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
Einhorn: The Tech Bubble Has Already Popped
To hedge fund impresario, crazed IPO issuance, overvalued stocks, and nutty post-split advances speak of a peak: September 2.
University Endowments Urged to Hold on to Private Commitments
For allocators, keeping a long-term investment horizon in the face of immediate challenges is key, NEPC says.