Risk
Why Consumer Confidence Is Dropping (It’s Not Just Inflation)
People think the economy’s big gains are behind us, says Comerica’s top economist.
News
Newsmakers
Wisconsin State Pension Fund Returns 16.89% in 2021
The fully funded state pension system surpassed its benchmark to increase its trust funds’ combined asset value to more than $147 billion.
Manager Selection
CalPERS Appoints Nicole Musicco as Chief Investment Officer
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
Asset Allocation
How Russia’s Military Move Roils Markets
Stocks oscillate as oil shoots up, with more wildness expected ahead.
Asset Allocation
Spinoff City: More Companies Should Shed Subsidiaries, Says Goldman
Divesting noncore units is a good way to boost lagging profit margins, the firm declares.
Newsmakers
NY Pension Calls on Firms to Report Abuse, Harassment, Discrimination
Tesla, Starbucks, and Activision Blizzard have been targeted by the $279.7 billion New York State Common Retirement Fund.
Newsmakers
Cathie Wood Lashes Out at ETF Dedicated to Shorting Her
The disruption queen now has an arch-nemesis rooting for her failure.
Newsmakers
New York Common Calls on Tesla to Disclose Spending on Discrimination Complaints
The pension made the move after a racial discrimination lawsuit led to a $130 million verdict in punitive damages.
Risk
Rising Crypto-Equity Correlation Raises Bitcoin Stability Concerns
Am IMF report warns increasing crypto correlation with stocks limits its diversification benefits and increases volatility.
Risk
Ukraine Tensions Renew a Market Slide
After two up days as hope flourished about a resolution, the S&P 500 slips 1.4%.
Asset Allocation
Venture Capital Is Booming, But for How Much Longer?
With the stock market down, the VC gorge-fest could pull back in 2022, PitchBook warns.
Newsmakers
Japanese Pension Giant Returns 2.81% in Q3 2021
The world’s largest pension fund earned over $47 billion for the quarter to raise its asset value to nearly $1.73 trillion.
Manager Selection
Sean Bill, CIO of Santa Clara Valley Transportation Authority, to Retire in March
He will be taking a new position as chief investment officer of Bay Area private credit fund Prime Meridian Capital Management.
Manager Selection
PSP Investments’ President and CEO to Retire
Neil Cunningham will step down at the end of March 2023 after more than 19 years with the firm and five years at the helm.
Newsmakers
Private Equity Drove CalPERS’ Strong Q4 2021 Returns
The pension fund reported 1.2% returns over its benchmark for calendar year 2021.