WHAT'S BUZZY
Supply Chain Snarls Are Temporary, Dimon Says
JPM chief: High US consumer spending will keep economy chugging.
News
Market Moves
Venture Capital Spurs Endowments’ Record Returns
However, Pitchbook warns that growth from alternative investments ‘could be more mirage than oasis.’
Pensions
Plan Sponsors Look to Drop Liabilities Like Bad Habits
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
Asset Allocation
What If Cathie Wood’s Deflation Really Arrives? Now There’s an Antidote
Besides the celebrated money manager, few predict an upcoming era of falling prices, which a new ETF aims to buffer against.
Asset Allocation
BlackRock Launches Service to Include Annuities in 401(k) Plans
The asset management giant has signed up five sponsors in a new program aiming to provide a lifetime of retirement income.
Newsmakers
Blackstone Hires Global Head of ESG for Private Equity
Amisha Parekh joins the private equity firm from Bloomberg’s sustainable finance unit.
Alternatives
Whew, Crypto’s Correlation to Stocks Seems to Be Over
Bitcoin has been arm in arm with the S&P 500 for months, raising questions about its use as an alt.
Regulation
Lure of Record Whistleblower Awards Leads to Frivolous Claims
The SEC bars two from its whistleblower program for filing hundreds of ‘abusive’ award applications.
Newsmakers
Longtime URS Chief Investment Officer Retires; Replacement Named
As Bruce Cundick leaves the Utah plan, new CIO John Skjervem joins from Alan Biller and Associates.
Market Moves
What Stocks Boast the Strongest Pricing Power to Withstand Inflation?
UBS touts a list of what it thinks are the best companies able to keep demand cranking even as they charge more.
WHAT'S BUZZY
Buy Pummeled Facebook Stock on the Dip, JPM Says
Despite wretched publicity and talk of a regulatory crackdown, the company is resilient, an analyst argues.
Baltimore Pension Funds to Divest From Fossil Fuels
The city council will also consider a legislative package aiming to tackle climate change.
Litigation Finance Firm Founder Pleads Guilty to Securities Fraud
Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.
News
Moody’s Totes Up the US Budget Standoff’s Economic Threat
Beware of a recession, chaotic global markets, and a weakened US going forward, if the federal spending cap isn’t raised, economist Zandi admonishes.
Risk
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.