Market Moves
Asset Managers See Revenue, Income Drop in 2022
It was a tough year, but margins didn’t suffer that much, ISS Market Intelligence says.
News
Research
Northern Trust Launches Online Platform for Asset Allocators
The firm designed A-Suite to be a community, destination and content hub.
Regulation
Republicans, Democrats Continue to Speak Past Each Other on ESG
Future ESG policy is likely to be influenced more by which party is in power than by its actual merits.
Research
Lack of Retirement Saving Could Cost US, States $1.3 Trillion, Study Says
The population of elderly households in the U.S. is expected to rise 50% between 2021 and 2040.
Risk
Why Fed Rate Hikes May Be Over
Mission accomplished: Tightening probably won’t continue at the central bank’s meeting next week, says economist Ian Shepherdson.
Research
Why AI Craze Is Eerily Reminiscent of Dot-Com Era
Nobody yet knows how to monetize artificial intelligence, BCA Research warns.
Asset Allocation
New York’s State Pension Commits $2B in Investments in April
Nearly $900 million has been earmarked for investments with the pension giant’s credit portfolio.
Newsmakers
Danish Pension Fund P+ Names New Managing Director
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Newsmakers
Who Is the No. 1 Quant? A Contest for the Best Stock Prediction Will Decide
Abu Dhabi is backing a competition for quantitative investing aces, with a $40,000 top prize.
Debt Ceiling Measure Clears the Senate After Day of Debate
The bill, passed by a vote of 63 to 36, heads to President Biden for his signature ahead of the June 5 deadline default.
Pensions
PPG Agrees to Transfer Pensions of 4,000 Retirees
The $309M transaction moves the liabilities to insurers Legal & General and RGA.
Risk
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Risk
Essential Prevention: Cybersecurity Has Never Been More Important
Allocators, money managers and regulators are realizing cybersecurity processes need continual updating.
Research
Paper From Japan’s GPIF Proposes New Way to Compare Alts With Traditional Assets
The authors claim their Spread Based Direct Alpha method is more accurate than current measurements.
Asset Allocation
Norway Pension Board Puts Indonesian Firm Under Observation
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.