Cryptocurrency Firm Co-Founder Pleads Guilty to Coin Offering Fraud
Sam Sharma could face up to 15 years in prison for defrauding victims of $25 million.
News
Economy Faces a ‘Bumpy Ride,’ Says Goldman’s Chief
Recovery will take a long time, David Solomon warns.
Institutional Investors Boosting Hedge Fund Allocations, Survey Finds
Allocators leery of a second half downturn are diversifying portfolios with the asset class.
Michigan Pensions Sue Bayer over $63 Billion Monsanto Acquisition
Chemical company allegedly misled investors about ‘significant liability risk’ from ‘thousands’ of lawsuits against Monsanto.
Pittsburgh Pension Settles Lawsuit with Molina Healthcare
Steamfitters Local 449 Pension Plan agreed to drop the case for $7.5 million.
The Federal Deficit Is a Forgotten Menace, Cooperman Says
Billionaire hedgie knocks Trump’s pre-recession big spending.
Group Urges US Financial Regulators to Act Now on Climate Change
Investors with combined $1 trillion in assets back letter to address ‘systemic financial risk.’
Former Temasek Americas Head Boon Sim Joins CPPIB Board
The pension plan had been searching for an international director replacement since Jackson Tai retired last March.
Church Pension Fund Asset Value Declines by $500 Million in 2020
Episcopalian fund beats benchmarks over longer term, but misses targets.
Norges Bank Raises Stake to 5% in Fossil Fuels Giant BHP
Norway’s sovereign wealth fund, which has been divesting coal and oil stocks, has the Australian company on a kind of probation.
COVID-19 Relief Packages Help Fuel Ultra-Low Interest Rates
EIOPA warns that persistent low rates pose a ‘systemic risk’ for insurers.
Investment Adviser CIO Charged with Running Ponzi-Like Scheme
David Hu could face up to 45 years in prison for allegedly selling $60 million in fake loans.
How GDP and Stocks Do When Dems and GOP Control the Presidency and Congress
If the White House and Congress are blue, the economy does best, LPL says. But a Democratic president and a Republican Congress do best for the S&P 500.
Increased Investor Risk Appetite Spurs Endowment Index Q2 Rebound
Index jumps 15.40% after plunging more than 20% during the first quarter.
SEC’s Proposal to Raise 13F Threshold Stifles Transparency, Critics Say
Dissenting commissioner says regulator doesn’t have the legal authority to raise reporting criteria.