investment management

SEC With Investment Managers: “Like the FBI Sitting Down With the Mafia”

A law firm partner discusses SEC capture as if it were perfectly normal....which sadly, it is.
A $453 Billion Bond Manager Is Shifting Bets From India to China

A $453 Billion Bond Manager Is Shifting Bets From India to China

Western Asset Management Co. is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook.
Banker Builds Investment Firm by Hammering Putin’s Economic Rule

Banker Builds Investment Firm by Hammering Putin’s Economic Rule

Prominent financiers in Russia typically avoid criticizing President Vladimir Putin’s economic policies.
Taiwan Votes, With U.S.-China Power Struggle on the Ballot

Taiwan Votes, With U.S.-China Power Struggle on the Ballot

Taiwanese voters cast ballots Saturday in an election that will determine the future direction of the world’s only Chinese-speaking democracy as it faces pressure to pick sides in a global power
Pimco's Cantrill Calls Phase-One China Deal a 'Fragile Reprieve'

Pimco's Cantrill Calls Phase-One China Deal a 'Fragile Reprieve'

Libby Cantrill, head of public policy at Pacific Investment Management Co., comments on the state of U.S.-China trade relations and the prospects for a phase-two deal during an interview with

Debt Has Not Been Caused by Low Interest Rates, but Higher Rates Would Topple the Whole World Economy

Yet more official hand-wringing about interest rates...when they aren't the core economic problem.

Estuaries, Climate Change, and “Blue Carbon”

Estuaries defined, whether they are carbon sources or carbon sinks, and an excursion into the world of climate NGOs through "blue carbon."

Private Equity’s Uninvested “Dry Powder” and Falling Returns Reflect a Bigger Problem: The End of a Long Term Disinflationary Tail Wind

The press is finally becoming skeptical of private equity’s claims that it generates superior returns, demonstrated by a Monday Wall Street Journal story, Private-Equity Cash Piles Up as Takeover

How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed

It is bizarre to see the Fed present data showing the Gilded Age level of wealth accumulation by the 1% as if that were a badge of honor.

The Myth of Shareholder Primacy

A surprising alliance of big business, activists and left-wing politicians have condemned the shareholder value paradigm. But did it ever really exist?

CalPERS Abandoning Passive Equity Investing

alPERS has made big changes to how it invests, yet the press has barely noticed.

CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scandal; Looks Like Apollo Stiffed CalPERS Too

How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.

CalPERS Short-Changed by CIM in Pay-to-Play/Bribery Scancal; Looks Like Apollo Stiffed CalPERS Too

How CalPERS was cheated by conniving fund managers, as is pervasive among private equity investors.
2.5% 10-Year Yields 'Quite Possible' by Year-End: CCLA's Bevan

2.5% 10-Year Yields 'Quite Possible' by Year-End: CCLA's Bevan

James Bevan, chief investment officer at CCLA Investment Management, discusses his call for Treasuries yields on "Bloomberg Markets: European Close." (Source: Bloomberg)

CalPERS Engineering Board Resignation: Underhanded, Dishonest Plans to Cut Investment Meetings of Poorly Performing Fund by More Than 50%, Shrink Investment Committee

The first of a two-part series describing the process and substance with which CalPERS staff is trying to engineer a de facto resignation of its board.