The Curious Case Against Hedge Funds in Kentucky
Missouri’s new CIO is still fighting a nearly four-year-old lawsuit in Kentucky over investments that appear to have performed as intended.
Risk
Biden Labor Department Wants to Ease Options for ESG Investing
A new proposed rule would end Trump-era barriers to retirement plans using environmental assessments in asset allocation.
Supply Chain Snarls Are Temporary, Dimon Says
JPM chief: High US consumer spending will keep economy chugging.
Buy Pummeled Facebook Stock on the Dip, JPM Says
Despite wretched publicity and talk of a regulatory crackdown, the company is resilient, an analyst argues.
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Virus Will Become ‘Manageable,’ Vaccine Chief Says
The co-founder of BioNTech believes COVID-19 will stick around, but not be such a threat.
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
Yellen: Inaction on Debt Ceiling Could Bring a Recession
The Treasury chief decries stalemate in Congress on spending authority.
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.
What’s Buzzy: Cathie Wood Likes T-Bonds Over Large Caps
The doyenne of disruption thinks deflation will change the game board. Except for her beloved Tesla.
Powell or Brainard? The Next Fed Chair Makes Little Difference, Wells Fargo Says
Some see big contrasts between the Republican incumbent and his reputed rival.
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
China, Says Chanos, Is a ‘Terrible Place to Keep Your Money
A long-time bear on the Middle Kingdom, the famed short-seller is double spooked by Evergrande.