Risk
AP3 Returns 10.8% in First Half of 2019
Despite strong returns, $38.8 billion fund underperformed benchmark.
Search results for: Federal Reserve
Market Moves
Larry Summers Dumps on Jackson Hole Avoidance of Negative Interest Rates
Former Treasury secretary thinks less-than-zero rates do little good and much harm.
Market Moves
Pay No Attention to the Inverted Yield Curve, Some Economists Say
Shiller, Yardeni, Yellen, and El-Erian trash this feared recession signal as off-base nowadays.
Newsmakers
Exclusive: New Mexico ERB CIO Jacksha Is Worried About the Trade War
The $13.3 billion fund’s chief has very large portion of the portfolio in alts, as a buffer against bad times.
Market Moves
US Negative Interest Rates Would Be a Disaster, El-Erian Warns
Allianz economist notes decline of yields and worries they might crop up in America.
How Sustainable Is the Gold Rally?
As the metal shoots over $1,500 and looks to head higher, questions arise about its volatility.
Companies’ Towering Debt Might Not Bring Widespread Defaults
Junk bonds do better when interest rates are low, like now, Nataxis finds.
CDPQ Returns 8.3% in Five Years, Beats Benchmark
Six-month returns fall short due to weak real assets performance.
Regulation
Senate Holds Hearing on Digital Currencies, Blockchain
Crypto proponents argue current banking system is inefficient and exclusionary.
Market Moves
Frazzled Investors Still Think the Fed Will Lower by Another Quarter-Point
CME futures overwhelmingly indicate a further dip will come in September.