Regulation
Should SEC’s Rule 605 Come Before Other Market Structure Proposals?
Of the four market structure proposals, Rule 605 is the most popular, and some argue it should be implemented ahead of the others.
News
Market Moves
RIP Earnings Recession: 3Q Reports Turn Positive
The S&P 500’s EPS had three down quarters in a row, but now analysts are growing more optimistic.
Asset Allocation
Canada Pension Plan Investments Lose 0.7% in 1st Half of Fiscal 2024
The pension giant also sold a buyout fund portfolio for C$2 billion and German wind assets for C$374 million.
Asset Allocation
New York State Pension Commits More Than $1.3B in Investments in August
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
Regulation
PBGC Updates Mortality Tables for 2024
The tables are used for calculating withdrawal liability and missing participant program transfer amounts.
Corporate Moves
BlackRock to Develop World’s Largest Direct Air Capture Plant With Occidental
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
Asset Allocation
GPIF’s ESG Investments Outperform Tokyo Stock Index
The Japanese government pension giant's ESG funds beat the TOPIX by 160 basis points over a 6-year period.
Asset Allocation
Navigating ESG in an Evolving Regulatory Environment
Speakers at CIO's Navigating ESG Livestream discussed what investors should expect from company reporting on ESG-related issues.
Risk
WeWork’s Impact Will Be a ‘Bloodbath’ for Office Space
The market already was in poor shape before the Chapter 11 filing, strategists say. Now this.
Newsmakers
Princeton Names Vincent Tuohey Next Endowment President
Tuohey will take over at PRINCO when Andrew Golden retires next year.
Regulation
Israel-Hamas War Puts Cryptocurrency in CFTC, Treasury Crosshairs
Federal regulators speaking at a SIFMA conference noted crypto’s role in illicit finance, including in the war in Gaza.
Asset Allocation
Why Oil Stocks, Slipping Now, Have a Bright Future
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
Asset Allocation
Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
New Definitions Proposed for Responsible Investing
CFA Institute-led group seeks to provide verbiage for investors that promotes unifying around common, accurate and consistent definitions for responsible investment practices.
Asset Allocation
An EM Rebound—and It’s Not All About China
Why emerging markets, now in the doldrums, will come back, per Lazard.