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☆ Big investors worry the star managers they trust to run billions are getting distracted as the presidential election enters the homestretch
▼ + stars: | 2024-09-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Hedge fund managers and private equity executives have become the go-to sources for donations for both parties. AdvertisementBut for the industry's biggest names who have become involved in politics, personal interests and values drive their giving. Advertisement'It's a people business'Mercer's global chief investment strategist, Rich Nuzum, advises institutional investors with more than $16 trillion to invest. "You're probably alienating some potential investors," he said, and that puts all investors at risk if it impacts a manager's business health. While LPs prefer their managers stay out of the headlines, Griffin has not been shy in recent years about picking fights.

Persons: —, Ken Griffin, Donald Trump, Ron DeSantis, Griffin, Timothy Mellon, George Soros, Lone, Stephen Mandel, Jim Simons, Elliott's Paul Singer, Blackstone, Steve Schwarzman, Singer, Andrew, Rudy Koitchev, Rich Nuzum, Brian Payne, Payne, Chris Walvoord —, Nuzum, Soros, David Tepper, Mandel, Griffin waded, Zia Ahmed, Koitchev Organizations: Service, Republicans, Florida Gov, Business, SEI, BCA Research, Carolina Panthers, Appaloosa Management, Citadel, Citadel Securities, mater, Miami, city's Museum of Science, Industry, LCH Investments, Teachers Locations: Florida, Lone Pine, Washington, Harvard, Chicago, Afghanistan, Illinois

☆ More support needed for energy transition across emerging and frontier markets: Mercer
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore support needed for energy transition across emerging and frontier markets: MercerRich Nuzum of Mercer discusses how the launch of their Catalytic Investment Exchange will support the emerging and frontier markets accelerate their energy transition goals.

Persons: Mercer Rich Nuzum, Mercer Organizations: Mercer

☆ Never mind deflation and the property crisis - a brain drain could be the next big threat to China's economy
▼ + stars: | 2023-09-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

It's been a rough 2023 for China, with Beijing failing to stop deflation or contain an ever-worsening property crisis. A brain drain could present the next big threat for the world's second-largest economy. Brain drains are almost always bad news for a country, robbing its economy of a key engine for growth. AdvertisementAdvertisementBrain drains are "horrible for the economy – you need leaders to drive your economy forward," Nuzum said. "If one entrepreneur leaves, whatever – but if tens or hundreds of thousands move across the border, that's a big problem."

Persons: It's, Xi Jinping, Jack Ma, Rich Nuzum, Nuzum Organizations: Service, Wall Street, Henley & Partners, Big Tech Locations: China, Beijing, Wall, Silicon, North America, Europe, that's

☆ The messy, high-stakes world of private equity's fossil-fuel dilemma
▼ + stars: | 2023-04-20 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Most major private-investment firms are working to cut down on emissions their portfolio companies send into the atmosphere. It's also set targets to get three-quarters of its majority-owned power-and-energy portfolio companies' emissions that they generate directly and indirectly covered by Paris-aligned climate goals by 2025. A growing number of private-equity firms' pension-fund limited partners are under pressure themselves to either invest around environmental, social, and governance matters or shun investing through those lenses altogether. Firms' plans with their upstream investments tend to draw the most attention because they're involved in drilling for new oil and gas. If you're a private-equity firm and you continue to make new upstream investments, I don't believe you have a Paris-aligned plan.

[1/2] Francisco Severo Torres looks on in this undated handout picture. U.S. Magistrate Judge Judith Dein in Boston granted a request by prosecutors for Francisco Severo Torres, 33, to be committed to a facility for a psychiatric evaluation, saying there was reason to believe he was mentally incompetent. According to prosecutors, about 45 minutes before the flight landed in Boston, the flight crew received an alarm in the cockpit that a door between the first class and coach sections had been disarmed. Passengers then tackled him and the flight crew restrained him. Torres was charged with one count of interference and attempted interference with flight crew members and attendants using a dangerous weapon and faces up to life in prison if convicted.

Some economists have lowered growth forecasts for early next year for the world's second-largest economy, continuing the grim growth numbers this year that were among the worst of the past half-century. "Compared with other developed countries, medical resources in China are somewhat insufficient," said Nie Wen, a Shanghai-based economist at Hwabao Trust, who has cut his China growth forecast for the first quarter to 3.5%-4% from 5% previously. INFLATION SURGEWith China likely facing waves of COVID infections after the relaxations, the benefits of reopening are expected to arrive with a significant delay. "Given the accelerated reopening timeline, we believe growth may stay subpar near term," Morgan Stanley said after the announcement of the latest easing measures. Lurking among the prospects for China's reopening, however, is a potential surge in inflation, which could hit the global economy as well as China itself.

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