Regulation
Proposed SEC Rules Aim to Rein in High-Frequency Traders
Regulator says algorithmic trading requires expanding the definition of a dealer to level the playing field.
News
Risk
Inflation: Why the Late 1940s Better Matches Today, Says Guggenheim
Not the 1970s, which is most often cited as the historical precedent, says firm CIO Scott Minerd. If so, that’s good news for us.
Manager Selection
Eiji Ueda Reappointed as CIO of GPIF
The Goldman Sachs veteran helped lead the world’s largest pension fund to two years of growth.
Regulation
Labor Dept. Warns Fiduciaries About Offering Crypto in DC Plans
The Employee Benefits Security Administration said 401(k) fiduciaries should use ‘extreme care’ before adding crypto options to a plan.
Asset Allocation
The First Quarter Was Bad for Asset Managers’ Stock, Even Though Their Fourth Quarter Earnings Ruled
Amid the market carnage of early 2022, the long-term outlook is good for the money mavens.
Asset Allocation
IPO Market Slows Down in First Quarter
This has been the worst quarter for IPOs in six years.
News
New York City-Based Multiemployer Plans Approved for PBGC Bailout
The Local 584 Plan and the Milk Industry Office Employees Pension will receive funds under the Special Financial Assistance Program.
Manager Selection
CIO of New Jersey Police and Fire Pension Resigns
The resignation follows an ethics probe into his behavior at a previous pension fund.
Newsmakers
Biden’s Tapping the U.S. Oil Reserve Meets with Wall Street Shrug
S&P 500 slips amid news of a major release from the federal petroleum cache.
Newsmakers
Japan’s GPIF Seeks Data on Effect of Securities-Lending Suspension
The $1.73 trillion pension giant has issued a request for information regarding its 2019 decision to stop lending securities to short sellers.
Asset Managers Hustle to Offer Better-Yielding Cash Funds
With rates pointing up, Northern Trust, BlackRock, and others aim for liquidity-laden institutional clients.
House Passes Securing a Strong Retirement Act
Bill would require 401(k) and 403(b) plans to automatically enroll eligible participants.
Newsmakers
Providence Pension Mulls Issuing $515 Million in Bonds, Following POB Trend
But bonds don’t always outperform stocks over the long run, according to one expert.
Risk
What It Would Take for Powell to Get His Soft Landing
Former New York Fed head Dudley thinks the central bank’s quest is doomed. Is he right?
Newsmakers
Brother, Sister Charged in Alleged $124 Million Crypto Fraud Scam
John and Tina Barksdale allegedly defrauded thousands of investors through offerings of a digital token called Ormeus Coin.