Regulation
SEC, DOJ Charge Hedge Fund Trader in Alleged Front-Running Scheme
Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.
News Archive: Jul - 2021
Market Moves
Market Killjoys: BlackRock, Goldman, RBC, Morgan Stanley
They all see a halt to the strong stock rally—anyway the third quarter is usually the worst.
Research
401(k) Plans Need a Plan When Incorporating ESG Investing
DCIIA offers ‘tactical steps’ for integrating sustainable investing into defined contribution plans.
Pensions
CPPIB, Greystar to Form Joint Venture in US Life Sciences Development
The two investors are starting with an office and lab development project in Somerville, Massachusetts.
Market Moves
Drama Aside, Meme Stocks Are Having a Good Year So Far
Retail investors holding on to social media darlings have helped some business gain a new lease on life. But many worry that the good times won’t last.
GOP Senators Lash Out at BlackRock, State Street for ‘Left-Leaning’ ESG ‘Pressure’
Pat Toomey and Ron Johnson say firms’ CEOs are putting personal views above their fiduciary duty.
Pensions
Norway’s Largest Pension Firm Divests from 16 West Bank-Linked Firms
KLP says the companies pose an ‘unacceptable risk’ over alleged human rights violations.
Pensions
Japan’s GPIF Finds Portfolio Firms Proactive on ESG Disclosure
A report from the pension giant reveals a ‘virtuous cycle’ of providing non-financial information.
Regulation
Supreme Court to Hear ERISA Excessive Fee Case
The lawsuit seeks to define what ‘care, skill, prudence, and diligence’ really mean for fiduciaries.
Pensions
AustralianSuper, LUCRF Super Plan to Form $173.8 Billion Investor
The merger would consolidate the country’s first and largest superannuation funds.
Penn SERS Returns 11.1% in 2020
Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.
Opinion
Op-Ed: The Foundation of a Balanced Portfolio May Be Shifting — Here’s What to Look For
Noah Weisberger, with PGIM, lays out three scenarios for how Fed and fiscal policy could change the way bonds act to hedge equity risk.
Pensions
AustralianSuper Jumps Record 20.4% for 2021 Fiscal Year
The allocator will maintain a pro-growth stance with listed shares and private equity in its portfolio.
Pensions
Japan’s $1.7 Trillion Pension Giant Breaks Record, Returns 25% in 2020
Red hot equities help the world’s largest pension fund rake in $339 billion in investment gains.
Asset Allocation
GIC Invests $1 Billion into Grifols’ Plasma Business
The funding buys the Singapore sovereign wealth fund a minority stake in the health care firm.