Asset Allocation
Goldman: Due to High Volatility, Now’s the Time to Bet on Earnings Reports
Take out options on how the market will react to an array of 3Q results coming up, the firm says.
News Archive: Oct - 2022
Research
Hedge Funds’ Side Letter Usage Remains Constant, as Redemptions Continue
51% of all investors using the individualized agreements are fund-of-funds investors, while $20.75 billion was redeemed from hedge funds in September.
Corporate Moves
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
Asset Allocation
New Jersey Pension Fund Loses 7.9% in Fiscal 2022
Falling markets wipe out close to $10 billion in asset value.
Risk
How Bad Is Meta’s Influence on the Market? Bad
Compared with other FAANG members, the company previously known as Facebook is in another league. Its collateral damage, though, was painful.
Regulation
Erroneous Executive Incentive Pay Must be Recovered, Says SEC
A new finalized rule by the SEC would require securities firms to ‘clawback’ executive incentive pay if it was based on an accounting error.
Risk
Republican Committee Control Presents “Headline Risk” for ESG, Says Investment Bank
Managers at firms with an ESG strategy should expect to be summoned to committee hearings should the Republicans take either house.
Risk
How Will the Midterm Elections Affect Stocks, Anyway?
They usually go up after the vote, with the uncertainty over. But maybe not this year, warns Schwab’s Liz Ann Sonders and some other Wall Street savants.
Asset Allocation
NYC Pension Launches Dashboard, Reveals 25% Alts Allocation
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
Asset Allocation
Renewable Energy Powers Michigan Endowment to Robust 2.2% Return
CIO credits renewable fuel and sustainable energy investments for outperforming the average by 870 basis points.
Research
Mortality Is Higher for Impoverished Elderly, Says GAO Study
Social Security reduces the impact of wealth inequality, the research finds.
Manager Selection
CDPQ appoints New Executive Vice President and Head of Private Equity
Martin Longchamps will be responsible for the international private equity portfolio.
Risk
Why Bond Liquidity May Be Headed for Trouble
As Yellen warns of problem selling the obligations, fixed-income volatility resembles that of stocks. Other hazards lurk.
Market Moves
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
Research
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.