About Those Fed Rate Hikes: They Might Take Longer Than You Think
The market expects them to start next year. Maybe not, says LPL’s Gillum.
News
Europe’s Second Largest Pension to Divest From Fossil Fuels
ABP has approximately $17.4 billion invested in the industry.
Get Ready for the Year’s Best Period: November Through April
CFRA says it has outshone any other rolling six-month stretch since World War II.
Alternatives
Op-Ed: The Climate Investment Dilemma—Divestment or Decarbonization?
FEG’s Tim O’Donnell explores the merits of engagement.
WHAT'S BUZZY
Cathie Wood vs. Jack Dorsey: Deflation or Hyperinflation?
The disruption avatar takes on the Twitter founder over his Weimar-like projection.
Asset Allocation
What They Say, What They Do: Maybe US Consumers Aren’t So Dour
While pollsters say their mood is sour, people still are spending more than before, JLL’s Severino says.
Pensions
Ohio Teachers Pension Faces Special Audit Over Scathing Report
The state auditor says the information supports ‘a reasonable basis’ for conducting a probe of the retirement system.
Asset Allocation
Asset Managers Are Feeling Leery, BofA Survey Finds
The bank says its survey is the ‘least bullish’ since October 2020.
Risk
Missouri Teachers’ Pension Hit by Cyber Attack
Accessed files contained personal information such as names and possibly birth dates, but not Social Security numbers.
Hey, Inflation Might Be Good for Us, Says Paulsen
Price boosts of 3% or so would spur the economy and stocks, the Leuthold strategist argues.
WHAT'S BUZZY
Moderna Easily Outpaces Giant Rivals in Stock Market
As booster shots win approval, the smaller firm’s shares blast past J&J and Pfizer’s.
Asset Allocation
Institutional Investors Double Down on Private Assets
Schroders says the pandemic exacerbated the need to diversify away from equity/bond market volatility.
Market Moves
New ETF Portends Bitcoin Reaching $160,000, Says Strategist Tom Lee
The top cryptocurrency has had a fresh growth spurt, as news of the new fund spreads.
Pensions
Ohio Pension Systems Report Robust Returns for Fiscal 2021
Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
Corporate Moves
Simiso Nzima Named Head of CalPERS’ $250 Billion Global Equity Portfolio
The pension giant’s global equity program accounts for more than half of its entire asset value.