Asset Allocation
Allocators Rebalance Too Often, JPM Says
Instead of rebalancing quarterly or monthly, do it annually, and more strategically, the firm advises.
News
Research
Public Funds Are Among Strongest Backers of ESG Resolutions
State and local pension funds favor environmental, social and governance shareholder resolutions at higher rates than do general shareholders, Morningstar research shows.
Newsmakers
Cedars-Sinai Names Pasy Wang as First CIO
Wang leaves CalTech after nearly 13 years to take on newly created position at the health care nonprofit.
Risk
Welcome to September, the Worst Month for Stocks
Over the past three-quarters of a century, the market has lost an average 0.56% during the upcoming month, CFRA data show.
Newsmakers
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.
Risk
When Will the Fed Be Done With Its Rate Increases?
The futures market thinks a 4.0% benchmark level might be the central bank’s peak.
Newsmakers
ESG Head Leaves Texas Teachers’ Pension
The Teacher Retirement System of Texas is required by law to boycott companies that divest fossil fuels.
Asset Allocation
Dividends Romp in the 2nd Quarter, But Don’t Get Used to It
While company payouts hit a record, economic problems should slow that pace up ahead, a Janus Henderson study warns.
Newsmakers
Guru Wien’s Investor Read Is Downbeat
They are worried about the pandemic, GDP, inflation and Ukraine, he finds.
Newsmakers
Bill Ackman Picks Ryan Israel to Lead ‘Pie Truck Contingency Plan’
Billionaire investor says ‘once-in-a-generation talent' is his choice to take over if pie hauler kills him.
News
Why Are Cash-Flush Big Tech Firms Issuing Bonds?
Answer: Rates are low, and so are the firms’ debt ratios.
Asset Allocation
Hedge Fund Losses Accelerate During Second Quarter
The trend of net inflows ends after more than a year.
Newsmakers
Minnesota State Board of Investment Names Jill Schurtz CIO
Schurtz succeeds Mansco Perry III, who announced his retirement in December.
Risk
The Big Question: What Will Powell Say at Jackson Hole?
This marks the one-year anniversary of his wrongheaded pronouncement that inflation would be ‘transitory.’
Newsmakers
Robertson’s Contribution to Hedge Funds: Research Intensity
While hedge operators were always stats-oriented, he took data gathering to a whole new level.