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Money Managers

All articles tagged with #money managers

business1 year ago•2 min saved

States Sue Major Investment Firms for Alleged Energy Market Collusion

Eleven states, led by Texas, have filed a lawsuit against major money managers BlackRock, Vanguard, and State Street, accusing them of colluding to reduce coal supply and increase electricity prices through ESG (environmental, social, and governance) investing strategies. The lawsuit claims these firms used their collective influence to push environmental initiatives that decreased coal production, leading to higher utility costs for residents. This legal action represents a significant conservative pushback against ESG investing practices.

via Axios|

#business #coal-industry #electricity-prices

finance1 year ago•0 min saved

"Geopolitical Tensions Drive S&P 500 to Worst Week Since October, Bond ETFs Climb"

The S&P 500 Index (SPX) experienced its worst week since October as geopolitical tensions and bond volatility created challenges for money managers with high exposures to stocks and credit, following a period of optimism driven by declining inflation and strong corporate profits.

via Bloomberg|

#bond-volatility #finance #geopolitical-tensions

finance2 years ago•2 min saved

Wall Street's Economic Predictions for 2023 Proven Incorrect as Economy Remains Stable

Contrary to predictions from top money managers, the S&P 500 has performed exceptionally well in the first half of 2023, surging 17% and outperforming Europe, Japan, and emerging markets. Cash, Treasury bills, commodities, and hedge funds have all proven to be worse investments than stocks, with minimal returns or losses. Energy stocks have also underperformed, except for banks which have seen a significant decline. The article highlights the unpredictability of the market and the importance of not blindly following the crowd.

via MarketWatch|

#finance #investment #money-managers

finance2 years ago•5 min saved

Investment Strategists Divided on Fed's Interest Rate Plans Amid Stock Rally and Inflation Concerns.

Prominent money managers have stopped chasing the latest stock rally, reasoning that expectations for easier Federal Reserve monetary policy are overblown with inflation still running hot. Should any rate cuts come, they would be intended to halt an economic downturn that also would bode poorly for equity returns, their thinking goes. Barclays Wealth Management just closed out an overweight position on developed market stocks two weeks after initiating it. Legal & General, which manages $1.4 trillion, has cut its equity exposure down to the biggest underweight since the pandemic, concluding that the hit from aggressive tightening will continue to play out on the US economy for months to come.

via Yahoo Finance|

#equity-exposure #federal-reserve #finance