Market Is 2nd Most Overvalued, after 1999’s, David Tepper Says
Comparison to dot-com bubble year helps send current stocks down for the day.
News
Rockefeller Brothers Fund Profits From Divestment
Philanthropic fund from the family that founded Standard Oil is now 99% fossil-fuel free.
After Turning Down Stimulus, Northwestern Taps Endowment
The university will draw from its investments, furlough employees, and cut retirement contributions.
CalSTRS Mandates More Money from State, Employers to Absolve Growing Deficit
The pension was about 66% funded before the COVID-19 pandemic.
Rogers, Gabelli, Miller Tout Value Investing, With an Exception
Devotees of bargain buys have doubts about legacy retail’s viability.
BNY Mellon Pushes into Natural Language Generation
The financial services company joins others using the artificial intelligence technology to automate reports in nanoseconds.
Norway to Withdraw Record Amount from Sovereign Wealth Fund
Economic downturn forces government to take out over $37 billion.
Senators Urge Pelosi to Include Pension Fix in Next Stimulus Package
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
New York AG Investigates St. Clare’s Pension Fund Fiasco
Nearly 1,100 retirees lost their pensions or had them reduced last year.
Crypto Hedge Fund AUM Doubles to $2 Billion in 2019
The median crypto hedge fund returned 30% last year, compared with a loss of 46% in 2018.
Pension Demands Put Local Governments in a Jam, Moody’s Says
With virus-driven costs mounting, cities’ and towns’ financial outlook shifts to negative from neutral, agency rules.
Veteran Fund Managers Launch EM Boutique Investment Firm
Aikya Investment Management will focus on sustainable investments.
San Diego County CIO Stephen Sexauer Takes Over as Interim CEO
The investment chief said he plans to return to his role once the search is over.
Coronavirus Cases Should Rise in May, Gottlieb Says
The former FDA commissioner, and current pension plan asset manager, sounded alarms in January about the pathogen.
California Pension Spiking Case Nears End in Court Showdown
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.