Union Warns Pension Funds to Be Wary of Private Equity-Backed PRT Insurers
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.
When the Fed Stops Hiking, What Happens to the Stock Market?
Since 1980, the S&P 500 has tumbled an average of 21.4%, after rate increases, Comerica’s Lynch finds.
When Will the Gold Rally Lose Momentum?
The metal’s price is way up, but it tanked after the resolution of the 2011 federal default crisis and could face further volatility this year.
Regional Banking Crisis? Not Happening, Natixis Says
The deposit flight has halted, and lending hasn’t suffered, the firm notes.
UK Pension Told to Assume 470,000 Members’ Info Accessed in Capita Hack
The Universities Superannuation Scheme had stored participants’ details on Capita’s Hartlink platform, yet states ‘USS member data … has not been compromised.’
SEC Charges Investment Firm for Fraudulent Coin Scam
Red Rock Secured allegedly tricked victims into selling off 401(k) assets to invest in coins at an exorbitant markup.
Growth Stocks’ Leadership Will Be Short-Lived, Ned Davis Predicts
Analysts at the celebrated research shop say value will come to the fore during the upcoming recession.
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.
Florida Pension Sues Fidelity National Over Worldpay Deal
The fintech firm is accused of failing to disclose material information that led to a $17.6 billon write-down.
Statistical Recession Indicators Look Ominous
ClearBridge Investments' 10 signals of an economic downturn are now blinking red.
UK Regulators Warn Pensions to Check Data After Capita Breach
TPR, FCA and ICO are urging Capita clients to find out if any of their data has been stolen.
Data Tells the Story: Jitters Along the Curve
Yorkshire and Clydesdale Bank Pension Signs $2 Billion PRT Deal
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
Jobs Slowdown May Finally Be Happening—So Then the Fed Can Back Off
Vacancies shrink and Friday’s employment report may aid the deceleration narrative.