Regulation
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
News
Manager Selection
Nebraska Investment Council Appoints Ellen Hung as State Investment Officer
Hung was previously deputy CIO of the State Universities Retirement System of Illinois.
Risk
Housing Seems OK, but Beneath the Surface, It’s Another Story
The economic bellwether has posted some good numbers, although analysts say problems lurk in the long run.
Asset Allocation
Princeton Endowment Declines 1.7% in Fiscal 2023
Ivy League endowments trended weaker in the year that ended June 30, but Princeton is the first institution to report a result in the red.
Newsmakers
Favorable Economic Conditions Fuel Q3 Rise in Annuity Sales
Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.
Regulation
Gensler Says No New Regulations Needed for Crypto
The enforcement actions taken by the SEC against cryptocurrency actors are justified under existing law, the SEC chairman said at a conference.
Regulation
BlackRock to Pay $2.5M SEC Fine for Charges of Inaccurate Disclosure
The SEC charged the asset manager with describing a marketing firm as a financial services firm.
Asset Allocation
Norway’s Sovereign Wealth Fund Drops $44.7B in Market Value in Q3
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
Risk
Why Big Tech Earnings May Trigger a New Stock Surge for the Sector
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.
Asset Allocation
Why Private Equity Is Still Dogging It
A host of macro problems leave PE fund investors with just small gains.
Regulation
DC Circuit Court Orders SEC to Reconsider Bitcoin ETF
The court ruled in August that the SEC had unfairly blocked the Grayscale bitcoin ETF, given the SEC had already approved two bitcoin futures ETPs.
Regulation
How Are SFA Grant Recipients Investing That Money?
The answer varies from plan to plan, but there are incentives to invest the money conservatively.
Asset Management Culture
World’s Largest Asset Managers Lost $18T in 2022, According to WTW
Discretionary assets declined to $113.7 trillion last year, largely due to the difficult investment climate.
Newsmakers
No Reason Given for Departure of Investment Chief at Yale New Haven Health
Finance veteran Scott Lupkas, on the job just 21 months, had been at Raytheon and the UAW.
Pensions
NYC Comptroller Urges OxyChem to Stop Importing Asbestos
The Occidental Petroleum-owned firm is the only company in the U.S. that still imports the toxic chemical.