Asset Allocation
Franklin Templeton Bolsters Alts Business With $1.75 Billion Lexington Buy
The acquisition is intended to increase the firm’s real estate, private credit, and hedge fund strategies.
News
Newsmakers
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.
Regulation
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Asset Allocation
Broken China? Maybe Things Aren’t So Bad
Despite crackdowns on businesses and too much debt, the nation should resume its ascent, says NEPC.
Newsmakers
CalSTRS CIO Set to Receive $1.1 Million Bonus
Chris Ailman is up for a bonus that’s nearly twice his base pay for leading the pension to a 27.2% return.
Asset Allocation
What Corporate Cash Use Helps Stocks Most in the Pandemic?
You’d think the answer is stock buybacks. Guess again, says Goldman.
Risk
Why Inflation Might Not Be Temporary
Officials say inflation won’t last. But commodity prices show no signs of slowing down.
Risk
Worries Be Damned: Good Earnings Push Stocks Higher
S&P sets 60th record for 2021, amid relative strength warning.
Market Moves
Puny Q3 GDP Increase? Just a Bump in the Upward-Inclining Road, Says ING
Why the bank thinks 2021’s final period will be much better. Hint: consumers.
Alternatives
As COVID Recedes, Can Gold Maintain Its Lofty Level?
The commodity has been having a good month despite a recent report of low demand.
Pensions
Iceland’s Retirement System Leads Global Rankings
A report finds the gender gap continues to persist in every retirement system in the world.
Asset Allocation
Microsoft Threatens Apple’s Market Cap Supremacy
Both once seen as has-beens, the two tech giants draw closer as the software firm picks up speed.
Brown Leads Ivies for Third Year in a Row, as Columbia, Harvard Lag Behind
Endowment investment returns range from 32.3% to 51.5% for the fiscal year ending June 30.
Asset Allocation
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
WHAT'S BUZZY
GDP Growth Slows Down Big Time; the Market Shrugs
As a third quarter economic deceleration was expected, the S&P 500 keeps on gaining.