Lisa Fu

Thanks for the warm welcome! I’m excited to cover the wealth side of things after years of focusing just on institutional asset management. It’s an area that’s growing in importance and I’m happy to be on the front lines!

@harriswiIson The most perfect photos btw ❤️ many many congratulations and you two are the perfect pair ❤️❤️❤️

some personal news

@ungarino “Stick to the fax” 💀 Your understanding is solid and if your sources are solid, the stories are solid. Plenty of old folks making the same mistakes over and over so not sure more experience always leads to better insight 🙃

CPPIB is taking extreme measures to offload some of its real estate investments. Bloomberg reports that the pension giant sold off its 29 percent stake in 360 Park Ave S for $1. Worth noting that it co-owned the building along with GIC, Singapore's SWF. bloomberg.com/news/articles/…

@lydiatomkiw @jennablan Congratulations!

Some professional news - keep sending me your hedge fund and now private credit tips as well!

Hmmm almost like insurers are pricing risk that home owners don’t see

@arindube What’s the y axis on the graph? Real dollars? Each of the three cohort’s average real hourly earnings for 2020 were pinned to 100?

The Unexpected Compression is in The Economist today.

@RezaC1 @ariccio @BobaCyclist @placardabuse “30% of adult New Yorkers (approximately 1.9 million people) ride a bike” per the city’s own website. Bicycles being only for children only applies to the suburbs where you have to drive them to the park to even ride

@ariccio @BobaCyclist @placardabuse Having people circle around 30 minutes for a parking spot seems like a policy failure, especially considering when parking spots have been eliminated for the placement of sparsely used bicycle lanes. Bicycles are a form of transportation most commonly used by children.

What a chump you are. You circle around for 30 minutes looking for a legal spot. You run out and feed the meter or pay $15 a day at the lot. Meanwhile, Mikey from Massapequa uses his placard to park in a *crosswalk* all day. You’d get fined $115 or towed. Him? Nada. Job perk!

@hughmongus2132 @tastefullysaucy Investors pick the strategies. Maybe ask them to exclude certain investments or get involved in proxy voting? Some of these lines people are drawing are conspiracy theories used to distract from holding actual politicians accountable. This guy’s job isn’t stock picking

This is Executive Director of UNICEF. She is married to Thomas E. Donilon, Chairman of the BlackRock. BlackRock invests $36 billion in military weapons which are currently being used to kill thousands of children in Gaza right now.

@tastefullysaucy Can’t believe I have to say this but it’s unlikely her husband is the single largest shareholder in any company. Also BlackRock is an investment manager that invests *on behalf* of investors. They make money off fees. He’s not a direct beneficiary

Someone edited her Wikipedia 😭😭😂😂

@JessicaLexicus I’m a big fan of a lot of office investors upgrading ventilation. The air in the Nuveen-owned office I’m in now always feels fresh and I (and my team) have yet to face any illness. Originally thought it might be bunk but I’m a real believer now

I know who the other journalists are because we always end up sitting on conference room floors by the outlets. There are never enough chairs in the area

@JackHoughteling Congratulations!!!

@SMTuffy Haven’t looked lately but I guess performance hasn’t been too good either if it’s purely investor demand?

Wonder how much is political backlash vs names rule consequences

@Dawgfan Might be a personal quirk of mine then. I think it looks ugly and prefer when financial firms write it out. 🙃 not aesthetic, you know?

@LisaOFu Not following.. 000s on financial statements is the norm.

Not sure who’s doing the formatting for earnings or if it’s always been this way. But I just can’t accept this. (000s)!? In my house we write it out in italics

The acclaimed investment office led by Rip Reeves -- the new CEO of @iimag--is no more. AEGIS insurance has outsourced the $6B+ portfolio and terminated its pension plan. Scoops here: pardot.pageantmedia.com/l/284832/2021-…

“Between 1970 and 1990, an average of 16 people per year died in Arizona from ‘exposure to excessive natural heat.’ Between 1990 and 2015, the average rose to 38. In 2020 it was 210, and 2022 came in at 257.” ft.com/content/de449d…

In other news, the AQI in NYC is crappy and getting worse… again. Wouldn’t the time for the likes of @NYCMayor and @GovKathyHochul to start warning the public and handing out free masks be today, instead of waiting till the days after the peak of this crisis?