OK, When Will the Fed Begin Shrinking Its Bond Buying, Anyway?
Split views seen in FOMC minutes are vexing. So let’s hear what Wall Street strategists think.
News
Asset Allocation
New Mexico Pension Posts Highest Returns in 36 Years
The Educational Retirement Board’s portfolio gained 28.76%, or $3.6 billion for the year.
Corporate Moves
CIO EXCLUSIVE Ashbel “Ash” Williams, CIO of Florida SBA, to Retire in September
In addition to its chief investment officer retiring, 20% of the investment staff members at the fund could retire within the year.
Alternatives
War of the Celeb Investors: Cathie Wood vs. Michael Burry
The Big Short seer bets against the momentum queen’s suddenly weak ETF.
Alternatives
Private Equity Powers Record-Breaking Pension Returns
The asset class has outperformed even public equities for many institutional investor portfolios.
Alternatives
‘Crypto Mom’ Pushes Back Against SEC Over Poloniex Fine
Commissioner Hester Peirce says the regulator needs ‘sensible solutions’ regarding crypto exchanges.
Pensions
Court Rejects Pension Fund Group’s Request to Lead Green Dot Lawsuit
The ruling upholds legislation intended to prevent lawyer-driven litigation.
Group Charged With Sophisticated Global Pump-and-Dump Conspiracy
US authorities allege a Canadian-led group made tens of millions of dollars in penny stock scams dating back a decade.
Alternatives
Allocator Insights Webinar August 17: Consultant’s View
Taylor Mammen, Heidi Poon, and David Tatkow will discuss the best opportunities for investors at 2 p.m.
Alternatives
Woodman, Don’t Spare That Tree: Lumber Price Spiral Is Now Over
The tab for this construction-centric wood, which figures in many asset allocators’ alt strategies, has dropped back as production finally expands.
Corporate Moves
Texas Christian University Seeks Its Second CIO
James Hille’s retirement after 15 years at the helm leaves big shoes to fill at the $2 billion endowment.
Asset Allocation
Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Asset Allocation
NY State Pension Fund Scrutinizes Shale Oil, Gas Companies
The fund will evaluate 42 firms that it says are ill prepared for a transition to a low-carbon environment, including ConocoPhillips, Hess, and Marathon Oil.
Corporate Moves
Investment Management Corp. of Ontario Taps Rossitsa Stoyanova as CIO
The current head of portfolio design and construction at CPPIB will oversee nearly $60 billion in assets.
Here’s Why Inflation Is Up: Oil and Cars, Period
Commonwealth’s McMillan ascribes nasty CPI numbers to a few aberrant items, already cooling off.