Ex-Trader Gets More Than 5 Years in Prison for Ponzi Scheme
Paul Rinfret pleaded guilty to defrauding investors of more than $19 million
News
3Q Earnings Could Be Less Bad Than Expected
Corporate profits should lose just (just?) 17%, UBS says, better than previous forecasts.
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
Pennsylvania PSERS Returns 1.13% in 2020
Net position of teachers’ fund drops by $105 million as benefit payments exceed contributions.
SEC, SDNY Charge Seismic Data Firm in $100 Million Accounting Fraud
Former SAExploration CEO faces up to 65 years in prison in connection with alleged scheme.
Maybe a Biden Cap Gains Hike Won’t Keelhaul the Stock Market
Despite investor qualms, equities should keep heading north, JPM predicts.
Justice Department Launches Cryptocurrency Enforcement Framework
The guide provides an overview of the threats faced by the illicit use of cryptocurrencies and ways to combat them.
Penn, Cornell Lag Behind Other Ivy League Endowments
The Pennsylvania and New York schools returned 3.4% and 1.9%, respectively, in 2020.
CDPQ Expands into Renewable Energy Infrastructure in Spain
The Canadian pension plan continues its growth in sustainable investments around the globe.
Harvard Spins Off Natural Resources Team
Solum Partners will be led by former Harvard Management Company division chief Colin Butterfield.
Singapore’s Temasek Launches $55 Billion Asset Management Group
Seviora Holdings will be the holding company for four Temasek-owned or affiliated companies.
GIC Leads $100 Million Funding into India’s Fintech Razorpay
The Bangalore-based startup joined the unicorn club with a valuation just north of $1 billion.
Bullish Signs: Copper and Silver Shine Anew
The two metals’ prices have climbed nicely, a good counterpoint to the jobs situation.
CPPIB Sells 50% Stake in London’s Nova Victoria to Singapore-Based REIT
The transaction is expected to yield $549 million when the deal closes later this year, the fund said.
Ford Foundation Doubles Racial Justice Funding to $330 Million
The investment comes from proceeds from the $1 billion social bond offering earlier this summer.