Regulation
Congress Passes Continuing Resolution
The temporary budget would keep the government funded into next year.
News
Corporate Moves
Marco Pirondini Appointed CIO at Amundi US
The appointment to this role and as executive vice president is effective January 1.
Research
AI Will Have Big Effect on US Economy by 2027, Goldman Says
The American artificial intelligence industry is far ahead of the rest of the world, it notes, and you don’t have to worry about Skynet from “The Terminator.”
Knowledge of ESG, Integration and Greenwashing Remains Low
Institutional investors lack a common understandings about defining and integrating sustainable investing, speakers at CIO's Navigating ESG Livestream event say.
Corporate Moves
Pernille Jessen Appointed as CIO of Denmark’s AP Pension Fund
The investment chief was hired from AkademikerPension, where she was co-CIO.
Regulation
Federal Court Enters Judgment Against Former Hedge Fund Trader
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Risk
Weak Companies’ Low-Yielding Bonds Set to Hit Maturity Wall
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
Asset Allocation
OMERS Deal Values Maple Leaf Sports & Entertainment at $8B
That’s nearly five times its valuation in 2012, when Ontario Teachers’ sold its 79.53% stake for almost $1.3 billion.
Asset Allocation
Insurance Investors Rethink Approaches Near End of 2023
Investors are changing their short-term investing and broader financial operations, according to Clearwater Analytics.
Asset Allocation
Allocators, Other Investors Divided on ESG Success
A survey finds them split over whether environmental, social and governance investments perform better or the same as others.
Corporate Moves
Brookfield Asset Management Unit Closes Deal to Sell 49% of Westinghouse to Cameco
Brookfield Business Partners bought the nuclear tech company out of bankruptcy in 2018 for $4.6 billion, while this deal values the company at $8.2 billion.
Regulation
Proposed Senate Bill Requires Chinese Investment Disclosures for Private Funds
The legislation would also cover investments in Russia, Iran and North Korea.
Pensions
US Corporate Pension Funding Status Keeps Climbing
After another month in which funded status improved, according to most projections, some models reached their highest points in more than a decade.
Asset Allocation
Allocators Increasingly Shying Away From Risk, Survey Says
Almost half are slowing and one-third are lowering exposure to stocks and other risk assets, per CoreData.
Asset Allocation
ESG-Related Disclosure Will Inform Investors’ Future Focus
Panelists at CIO's Navigating ESG Livestream discussed how corporate sustainability regulations coming to Europe next year will affect companies and investors globally.