Asset Allocation
Falling Markets Send Endowment Index 7.5% Lower in Q3
Oil assets, MPLs were the top performers, while Chinese equities and real estate burdened the hypothetical portfolio.
News
Risk
Have We Hit the Market Bottom? Maybe Not
When even Morgan Stanley’s house bear, Mike Wilson, sounds upbeat, UBS’s Mark Haefele is skeptical.
News
Northern Trust Asset Management adds Veteran Fed Economist to Fixed Income Division
Antulio Bomfim joins the firm in a newly created role as head of the global macro group.
Research
What Ails the Stock Market: A Stimulus Hangover
Bank of America puts a $13.5 trillion price tag on Washington aid, which set the U.S. up for its current economic travail.
Research
P.E. Deal and Exit Volume Drops in Q3
The number of deals collectively slowed by 20.4% in the third quarter year-over-year, while exits dropped for the third consecutive quarter.
Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Asset Allocation
Stanford University’s Endowment Loses 4.2% in Fiscal 2022
Total assets under management decline to $40.1 billion from $41.9 billion in fiscal 2021.
Manager Selection
Xponance Names New CIO of Alternatives
Xponance, a $12 billion asset multi-strategy investment firm, has added Michael A.B. Orr as managing director & chief investment officer of Xponance Alts Solutions.
Newsmakers
CIO Announces 2022 Asset Owner Industry Innovation Award Finalists
On December 6, we will recognize the allocators driving change and enhancing performance in institutional investing.
Asset Allocation
BofA’s Answer to a Bear Market: Outdex, Don’t Index
The shortcomings of the S&P 500 make this method preferable, says the bank.
Newsmakers
Missouri Divests $500 Million From BlackRock as GOP Backlash Over ESG Grows
In less than a month, four states have pulled over $1.5 billion out of BlackRock investments in protest over a ‘woke political agenda.’
Risk
How the 1987 Crash May Have Lessons for Today
On the anniversary of Black Monday, Bespoke points out that a cataclysmic market fall doesn’t always bring about a recession.
Manager Selection
Hamilton College Names Columbia’s Lauren Jacobson CIO
The managing director of the $13.3 billion Ivy League endowment will take the investment helm at Hamilton November 7.
Research
500 Largest Asset Managers Increase Assets by 10.2% in Past Year
The Thinking Ahead Institute’s report found that assets at the Top 500 asset managers hit $131 trillion in assets under management in 2021.
Newsmakers
New Co-CIOs give Fixed Income New Vigor at MFS
MFS appoints two new co-CIOs to its $94 billion fixed income division.