Regulation
Bitcoin Bites Child Pornographers
Cryptocurrency transactions help agents track down child porn ring leader.
News
Risk
ElectroCore Faces Class Action Headache
Complaint alleges firm misled investors over migraine medicine.
UK Pension Regulator’s Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
Asset Allocation
The 60-40 Stock-Bond Asset Mix Is Dead, BofA Warns
Equities will offer better risk-adjusted returns in the future, and bonds will slide, a report predicts.
Breaking News: Rockefeller Foundation CIO Donna Dean to Retire
Deputy CIO Chun Lai Named successor to head $4.4 billion endowment.
Manager Selection
NYC Comptroller Calls on 56 Firms to Adopt Rooney Rule
Scott Stringer criticized leadership teams ‘that look like they’re out of the 1950s.’
Regulation
UK High Court Rules Women Not Entitled to Pension Compensation
Justices say they are ‘saddened’ by case but that their role ‘is limited.’
Risk
AT&T Plan Members Sue Over Early Retirement Calculations
Complaint says media giant shortchanged participants who retired early.
Research
Low Inflation, Eh? Just Look at Housing Costs
Recent CPI blip owes a lot to shelter, which is a third of the price gauge and rising at 3% yearly.
Market Moves
Analysts: Earnings Will Improve in 2020
Forecast seems to hinge on progress in resolving the trade dispute. Hmmmm.
Research
Revoking Brexit Provides ‘Best Economic Outcome’ for UK
IFS says no-deal Brexit would be worst possible scenario for British economy.
Risk
Princeton, Columbia Endowments Return 6.2%, 3.8%
Investment portfolios for both return less than half as much as last year.
Regulation
SEC Stops $1.7 Billion Unregistered Digital Offering
Emergency order prevents markets from being flooded with illegal tokens.
Asset Allocation
UN Pension Fund to Divest Coal
$68 billion defined benefit pension vows to be carbon free by 2020.
Newsmakers
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.