The Big Picture

JULY 24, 2023

MIAN: In 2015, Carl Icahn sold all his Netflix stake because it was too expensive. He sold half his Apple stock in 2015. In 2015, Bill Gurley at Benchmark was saying Silicon Valley is in a bubble. Legal immigration has been trending lower since the Gulf War in 2003. RITHOLTZ: That’s right. RITHOLTZ: Yes.

Banks 52

Banks Hedge Funds Debt Legal 52

Pension Pulse

MAY 8, 2023

No pension fund wants to invest in private companies that abuse immigrant children. In addition to his $150 million gift to Yale for a student life hub in 2015, Schwarzman donated $350 million to the Massachusetts Institute of Technology in 2018 for the Schwarzman College of Computing.

Due Diligence 52

Due Diligence Pension Funds Education Funds 52

The Big Picture

MAY 23, 2023

Yes, I did some legal stuff and rank stuff but I, you know, I went in on the weekends when we did the stock certificate count. And I was thrown at a, okay, we now need to know what have we got in Russia, what’s our exposure, what are our legal contracts, how does this work? Let’s do that then. And I bounced around. RITHOLTZ: Right.

Hedge Funds 64

Hedge Funds Financing Finance Funds 64

Pension Pulse

SEPTEMBER 17, 2024

utility firm AES Corp said on Tuesday it would sell a 30% indirect equity interest in its Ohio subsidiary to Canada's second-largest pension fund CDPQ for $546 million, which will be used to support infrastructure investments. Reuters also reports AES Corp to sell interest in Ohio unit for $546 million: U.S.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Stakes Investing Pension Funds 59

Pension Pulse

JULY 26, 2023

Legal experts conversely argue that the global companies that form alliances to help them tackle climate change need clear "safe harbour" guidelines from governments to allay fears they could be tripped up by antitrust rules.(4) Critics of climate action in the U.S. are now arguing that industry climate alliances violate U.S.

Asset Management 52

Asset Management Assets Capital Financing 52

The Big Picture

AUGUST 15, 2023

And then it’s actually hard to make a legal bet. So technically, and that’s probably why it was legal, there’s no gambling involved. I think it was 2015. Public pension funds that manage hundreds of billion dollars can be manned by professionals that make $80 to $150,000 a year. RITHOLTZ: Yeah.

Hedge Funds 52

Hedge Funds Funds Capital Assets 52

Pension Pulse

JUNE 7, 2023

Mélanie Bernier, Senior Vice President, Chief Legal Officer, added Human Resources to her responsibilities and was appointed Senior Vice President, Chief Legal and People Officer. I must admit I was a bit shocked that Mélanie Bernier who heads Legal added HR to her duties but good for her for assuming this important role.

Investing 59

Investing Assets Banks Legal 59

Sara Grillo

FEBRUARY 13, 2023

Gray Ritchie summer in the 2016 issue of the Journal of Investing, Ritchie examined the risk adjusted returns of a portfolio constructed of firms from SIN or vice related industries using data from the Center for Research in Securities prices covering the period May 1995 to May 2015. Pension funds, endowments, etc.

Pension Funds 72

Pension Funds Investing Funds Portfolios 72

Pension Pulse

NOVEMBER 21, 2024

The decision to put a senior government official on the board of the arm’s-length pension fund manager raises questions about AIMCo’s continued independence, and whether the move opens the door to the government to exert greater political influence or to steer the pension fund manager toward government priorities.

Pension Funds 64

Pension Funds Financing Finance Consulting 64

Pension Pulse

JUNE 3, 2024

The nation’s market regulator, the Securities and Exchange Commission (SEC), last month stayed the implementation of its climate-related disclosures by public companies in the face of multiple legal challenges from attorneys general of several Republican-led states. How can pension funds take part in the new nuclear revolution?

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Pension Funds Investing Asset Management 59

The Big Picture

APRIL 4, 2023

So the theory was that’s great that you’re providing a loan, but if you can co-invest with them and get the upside of partnering with some of the most successful private equity funds in the United States, you know, a great way to enhance your returns. RITHOLTZ: We call that legal insider trading. KENCEL: That’s right.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Banks Financing 59

Pension Pulse

MAY 6, 2024

In lieu of legal representation, Ownership Works offers training and how-to guides for incorporating employee input, which it says is necessary to build an “ownership culture” that drives better results in all kinds of companies, not just those in private equity portfolios. Norman Rockwell never did paint Arthur, illinois. for $ 700 million.

Capital 59

Capital Private Equity Firms Private Equity Firms Stakes 59

Pension Pulse

AUGUST 22, 2023

Paula Sambo of Bloomberg reports Canada Pension Plan Investment Board joins startup at $100 million Reforestation Fund: Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.

Funds 52

Funds Startups Investing Pension Funds 52