Energy Stocks Are Doomed, Warns Savant Jeremy Grantham
GMO co-founder, a climate change activist, compares their paltry returns to the S&P 500’s tripling over 10 years.
News
UN Pension Fund Seeks Adviser to Suggest Board Changes
Fund is asking for a wide range of ideas on structural changes to its oversight.
US Treasury Offers Schedule for 20-Year Bond Revival
Auctions will take place each year in February, May, August, and November.
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Business Spending Is Headed for Another Pinch-Penny Year
The tempo of cap ex should slow to just 1% growth in 2020, the Conference Board predicts.
Europe’s Largest Pension Fund Vows to Be Climate Neutral by 2050
The Netherlands’ ABP unveils sustainability plan for $515 billion portfolio.
Norwegian Internet Company Opera Sued over ‘Misleading’ IPO Documents
Class action lawsuit accuses software firm of predatory lending practices.
Ernst & Young Plans to Go Carbon-Neutral by End of Year
Why would a white-collar company be an environmental threat? Think voluminous air travel.
Mennonite Accountant Charged in $60 Million Ponzi Scheme
Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.
Canadian Defined Benefit Plans Return 13.6% in 2019
End-of-year equities rally boosts returns for pension plan portfolios.
Sustainable City-Building ‘London Fund’ Emerges After Brexit Dust Settles
Three pensions pool their capital to invest in residential property/affordable housing, regeneration, digital infrastructure, and clean energy.
NY to Investigate Coal Investments to See If Green Efforts Are Improving
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
M&A Will Rise in 2020, Just Not as Fast, Survey Says
Deloitte poll finds that 63% of dealmakers look for more activity this year, down from 2019’s expectations.
More Active Managers May Make a Comeback This Year: Mercer
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
Oxfam Highlights ‘Shocking’ Wealth, Gender Disparity Stats
Report finds that 22 men have more money than all the women in Africa.