GOP Senators Introduce Bill Allowing DC Catch-Up Contributions
AMORE Act is intended for those who couldn’t afford to make contributions because of COVID-19.
News
Grim Outlook for Singapore Sovereign Wealth Fund after Poor Returns
GIC will continue to diversify with defensive strategies, including investing in rental and manufactured housing, data centers.
San Diego Magnate Masterminded $400 Million Liquor License Scam
Gina Champion-Cain pleads guilty to the largest Ponzi scheme ever uncovered in Southern District of California.
Maryland State Pension Receives $405,000 in LIBOR Restitution from UBS
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
Rhode Island Pension Returns 3.8% in 2020 to Hit Record-High Asset Value
‘Crisis Protection Class’ defensive strategy helps portfolio double benchmark’s return.
Canadian DB Pensions, Pooled Funds Rebound Sharply in Q2
Equities rally helps spur strong quarterly gains.
A 60-40 Portfolio Is Still the Bomb, Says Vanguard
Some have questioned the conventional asset split, but its performance during this messy year shows its worth, the firm declares.
Research Calls Lack of Diversity Atop Financial Regulators a ‘Bipartisan Failure’
There has never been an African American chair of the SEC, CFTC, or FDIC.
Arkansas Teachers Pension Sues Allianz Global Investors over $774 Million Loss
Firm is accused of abandoning strategy intended to protect against market downturns during COVID-19 crash.
Private Investigator Tech Startup Charged in $18.5 Million Fraud
Funds allegedly were diverted by the CEO for private jet charters, vacations, a luxury car, jewelry, and mortgage payments.
Ackman Bets Against Junk Bonds, Now Resurgent
Hedge fund honcho thinks dragged-out economic recovery will harm high-debt companies.
Racial Injustice Will Have Greater Weight in ESG Scores, S&P Global Says
About 217 businesses in the S&P 500 have publicly supported the Black Lives Matter movement to show solidarity and protect their reputations. Question: How sincere are they?
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.
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.