Heads of GPB Capital, Related Firm Indicted in Alleged Private Equity Fraud
Three men tied to the company could face 20 years in prison for allegedly misrepresenting the source of funds used for distribution payments.
News
US Corporate Pension Funded Ratio Climbs to 89.8% in January
An increase in discount rates boosted the funded levels of the 100 largest corporate pension plans by $39 billion.
Wisconsin Investment Board Executive Director, CIO David Villa Dies at 66
Villa had been executive director since 2018 and CIO since 2006.
Veteran Series: Mansco Perry—A Curious Mind
One of most highly regarded investment chiefs in public pensions, Perry continues to keep a cool head during turbulent times.
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.
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.’