Risk
How Bad Is Meta’s Influence on the Market? Bad
Compared with other FAANG members, the company previously known as Facebook is in another league. Its collateral damage, though, was painful.
News
Regulation
Erroneous Executive Incentive Pay Must be Recovered, Says SEC
A new finalized rule by the SEC would require securities firms to ‘clawback’ executive incentive pay if it was based on an accounting error.
Risk
Republican Committee Control Presents “Headline Risk” for ESG, Says Investment Bank
Managers at firms with an ESG strategy should expect to be summoned to committee hearings should the Republicans take either house.
Risk
How Will the Midterm Elections Affect Stocks, Anyway?
They usually go up after the vote, with the uncertainty over. But maybe not this year, warns Schwab’s Liz Ann Sonders and some other Wall Street savants.
Asset Allocation
NYC Pension Launches Dashboard, Reveals 25% Alts Allocation
The city’s five pension funds have $61.5 billion invested in private equity, alternative credit, and private real estate combined.
Asset Allocation
Renewable Energy Powers Michigan Endowment to Robust 2.2% Return
CIO credits renewable fuel and sustainable energy investments for outperforming the average by 870 basis points.
Research
Mortality Is Higher for Impoverished Elderly, Says GAO Study
Social Security reduces the impact of wealth inequality, the research finds.
Manager Selection
CDPQ appoints New Executive Vice President and Head of Private Equity
Martin Longchamps will be responsible for the international private equity portfolio.
Risk
Why Bond Liquidity May Be Headed for Trouble
As Yellen warns of problem selling the obligations, fixed-income volatility resembles that of stocks. Other hazards lurk.
Market Moves
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
Research
U.K. Nest Pension Auto Enrollment Remains ‘Robust’
Despite turbulent year, auto-enrollment continues to thrive, with opt outs lower than expected.
Risk
Forget Those Two Down Quarters: Look for a Positive 3Q GDP Number
But economists are gloomy about the U.S. economy, even if things look OK now.
Newsmakers
A Coalition of Republican Attorneys General Targets Banks for Net-Zero Alliance Membership
AGs sent civil investigative demands to the six largest banks in the country to explore claims that the banks’ ESG pledges have harmed the energy sector.
Market Moves
Ladies and Gentlemen, Start Your Engines: Porsche Dual-Class IPO Goes Off Seamlessly
In Germany’s largest IPO since 1996, and Europe’s largest since 2011, Porsche’s IPO hit the road running, raising €9.4 billion on 911 million shares offered.
News
Impact Investing Market Grows to Nearly $1.2 Trillion
Report finds green bonds and corporate impact investing are becoming increasingly prevalent.