Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve signaled it’s likely to hold interest rates at lofty levels well into next year. Fifty-eight percent of the 172 respondents in the Bloomberg Markets Live Pulse survey conducted after the Fed’s decision said that 2-year Treasury yields...
An influential group of institutional investors has called on governments to remove policy barriers to help unleash an estimated $275 trillion in new clean energy investments over the next three decades. The Net-Zero Asset Owner Alliance, whose members oversee $11 trillion of assets and include Allianz SE, Axa and the California Public Employees’ Retirement System, said governments need to...
Private credit is going through a golden era, according to its fans, but a handful of asset managers are refusing to be dazzled by the biggest part of the booming $1.5 trillion market: direct lending. Swiss Life’s investment arm and Scotland’s Baillie Gifford are avoiding the direct-lending craze in part because of...
One of last year’s hottest quant trades is getting a reboot, even as it misfires in the world’s largest stock market. So-called value shares — which trade at lower multiples relative to fundamentals — are all the rage again but this time in Asia and, more recently, Europe. Investors are essentially...
A new entrant to the world of 401(k) lawsuits is trying what appears to be a novel tactic: Contacting plan sponsors out of the blue and implying that they should settle. That’s before the hint of any lawsuit or request for information about the plan that would lead to a...
The SEC voted Wednesday to expand the scope of a rule meant to ensure investment funds’ portfolios match the strategies suggested by their names, but the changes aren’t as restrictive about the use of environmental, social and governance factors as those the agency initially proposed. The Securities and Exchange Commission...
Investors may not want to bet heavily on an autumn stock surge as the fuel behind this year’s rally runs low, said Lisa Shalett, chief investment officer for wealth management at Morgan Stanley. The S&P 500 Index has jumped more than 16% so far in 2023, a refreshing turnaround for...
RBC Wealth Management has recruited a financial advisor who oversaw $435 million in client assets at UBS, the firm announced Wednesday. Brian Wells will join the firm’s Marin County, California, office as managing director and financial advisor. He’s joined in the move by an investment associate, Stephanie Neri. While Wells...
The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. The central bank’s policy-setting Federal Open Market Committee, in a post-meeting statement released Wednesday, repeated language saying officials will determine the “extent of additional policy...
Goldman Sachs is in advanced negotiations to divest its specialty lending unit, GreenSky, to a consortium of investment heavyweights, marking a significant pivot away from its brief foray into consumer lending. Leading this consortium are investment titans Sixth Street, Pacific Investment Management, and KKR. Insiders privy to the discussions told...