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Nasdaq is tightening its IPO listing requirements in response to the poor performance and high volatility of many small-cap IPOs. This move signals a broader shift toward risk reduction and quality control on the exchange, reflecting a tense market environment.
The California Public Employees' Retirement System (CalPERS), the largest U.S. public pension fund, is shifting its $556 billion portfolio to a Total Portfolio Approach (TPA). This move abandons traditional asset class silos in favor of a holistic framework that evaluates investments based on their contribution to the entire portfolio's risk and return profile.
The British Pound is trading near a five-week high against the US dollar, driven by positive UK economic data and widespread market expectations of a US Federal Reserve interest rate cut, which is weakening the dollar.