Risk
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
Tag: healthcare
Manager Selection
Kathleen Jacobs Named CIO of RWJBarnabas Health
After stepping down in September from overseeing NYU’s endowment, the investment chief’s appointment to run the $8 billion system is effective in January 2024.
Research
AI Will Have Big Effect on US Economy by 2027, Goldman Says
The American artificial intelligence industry is far ahead of the rest of the world, it notes, and you don’t have to worry about Skynet from “The Terminator.”
Market Moves
S&P 500 Earnings Off 1% in Q3, Analysts Estimate
Marking a third straight period of losses, the index’s EPS suffered in financials, real estate, material, health care and energy, a survey finds.
Risk
Exclusive: What Does the Omicron Variant Mean for Investors? Nick Moakes, CIO of Wellcome Trust, Shares His Thoughts
The health research fund successfully shielded its investments from the downturn in March 2020 by preparing for the pandemic in January.
COVID-19 Shifts the Health Care Conversation, But Innovation Perseveres
Opportunities abound for long-term investors.
Newsmakers
Top CIO Finalists and Managers Announced for December 12 Innovation Awards Gala
Leading asset owner and manager nominees to headline Dec. 12 ceremony and investors forum.
Scary Diseases and Health Innovations Catching the Attention of Long-term Investors
The demand, the innovation, the genes and the robots.
Ascension Health to Guarantee $29.5 Million in Pensions Following “Church Plan” Lawsuit
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
A Sober Second Half for Institutional Investors
State Street’s Lori Heinel talks with CIO about a tempered global market outlook while health care debate stalls progress on tax code overhaul.
NEPC: Redefining the Role of Hedge Funds
Some of the funds are changing their strategic approach or at least becoming slightly more transparent.