Asset Allocation
Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
Tag: oil and gas
Newsmakers
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Asset Allocation
Limping Commodities Poised to Soar Anew, Says Goldman
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
News
BCA: Why the Dollar’s Surge, Now Ebbing, Will Resume—After Some Tumult
Once economic and geopolitical turmoil subsides and rates tick down, the buck will be back, the research firm says.
Asset Allocation
University of Texas System’s Oil and Gas Participation Fuels Bid to be Biggest Endowment
The University of Texas System endowment’s oil and gas revenues from its 2.1 million acres of land in the West Texas Permian Basin has it competing with Harvard for biggest endowment by net assets.
Research
Don’t Worry About a Wage-Price Spiral, JPM Says
Despite Fed uneasiness, higher pay isn’t really pushing inflation, per the firm’s David Kelly.
Newsmakers
High Oil Prices Ahead … Again?
Crude prices leap as Saudi oil minister says cartel needs to cut back production.
News
NY Common to Review Net-Zero Readiness of Oil and Gas Firms
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
Research
Get Ready for an L-Shaped Recession, Warns Credit Suisse
A deep recession and then little growth may be what’s needed to fight today’s high inflation, says strategist Pozsar.
Asset Allocation
Buffett, Who Terms ESG Reporting ‘Asinine,’ Adds to Oil Holdings
Famed investor increases his stake in Occidental Petroleum.
Where to Find the Best Emerging Markets Returns
Asian nations such as India stand out, and so does Brazil, managers say.
Newsmakers
Endowment Index Falls Over 6% in First Quarter
Private equity and emerging market investments weigh down the portfolio, offsetting gains by oil and gas and commodities.
Risk
And Now, to Brighten the Gloom, a Bullish Take
Fundstrat’s Tom Lee makes the plucky case for a 20% rally.
Asset Allocation
Gold Demand Increasing as Stagflation Risk Looms
Record-breaking inflation combined with current geopolitical tensions are driving the trend.
Asset Allocation
Bill Miller Lists His Favorite Cheap Stocks: Alibaba, Anybody?
Some of these are contrarian plays, big-time. But the value guru is undaunted.