Market Moves
3Q Corporate Earnings Look Better and Better, Yardeni Says
S&P 500 profits should be down just 7.1%, a big upgrade from more dire previous calls.
News Archive: Nov - 2020
Research
Institutional Investors Find Calm Amid Post-Election Chaos
The markets see stability ahead, despite a delayed election result, Senate runoff races, and voter fraud claims from the president.
Risk
Northern Trust Sued for Allegedly Loading 401(K) with Proprietary Duds
Lawsuit claims default retirement plan investments have underperformed up to 90% of peers for nearly a decade.
Regulation
DOL Sends Fiduciary Rule Update to OMB
Experts believe the White House will conduct a quick review of the ‘middle-of-the-way’ proposal.
Market Moves
2021 Economy Won’t Start Off Well, but Last Half Will Be Good, BofA Predicts
Problems like the virus and high joblessness will continue for a while, the bank’s strategists declare.
Asset Management Culture
Will Cutting Down on External Managers Make a Difference?
Sure, it can help lower investment fees. But those after-fee returns? Researchers say that’s a mixed bag.
Alternatives
Private Equity Fundraising Down But Not Out, Despite Pandemic
Deal-making is bouncing back after being shut down earlier in the year due to the COVID-19 outbreak.
Regulation
UK High Court Equalization Ruling to Burden Pension Trustees
Legal experts expect court decision will add ‘significant difficulties’ for defined benefit trustees and could take years to complete.
Newsmakers
Supreme Court Denies Bondholders’ Claim on Puerto Rico’s Pension Plan
Investors argued that they should get some of the government contributions to the insolvent retirement program.
Alternatives
Ontario Teachers’ Finance Trust Issues First Green Bond
Canadian pension fund issues €750 million 10-year bond earmarked for sustainable investments.
Regulation
Former CEO, COO of MiMedx Convicted of Securities Fraud
CEO Parker Petit and COO William Taylor were found guilty of falsely inflating the biopharmaceutical company’s revenue figures.
Will Snags with New Washington Stimulus Squelch the Economy and Stocks?
Not really, says UBS’s Haefele, sounding optimistic on vaccines and possible fresh aid in 2021.
Asset Allocation
Sustainable Investments Account for One-Third of AUM in US
Assets dedicated to such strategies have grown 42% in two years to nearly $17.1 trillion.
Pensions
New Jersey Pension Fund Returns Only 0.82% Year to Date
The investment portfolio for the state’s pension fund fell short of its benchmark by more than 2 percentage points.
Research
Climate Disclosure Rises Sharply for Canadian Financial Firms
Report shows firms north of the border are increasingly adopting TCFD-aligned climate-risk disclosures.