Shop Talk December 10, 2019

Push into Smart Beta Slows as Market Matures

Market saturation, diminishing investor confidence drives slower pace—and lower fees.

Asset Allocation December 10, 2019

One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk

In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.

Corporate Moves December 10, 2019

Texas Teachers’ Planning for Next CIO

Jerry Albright to take on a new role at the $156 billion retirement system.

Market Moves December 10, 2019

Stand-Pat Fed May Get ‘Punch to the Mouth,’ Warns Top Analyst

Evoking Mike Tyson, Jim Bianco says a market dive could bring big pressure to more rate cuts.

Research December 10, 2019

Governments Urged to Bolster Pensions to Adapt to Aging World

OECD warns that countries may not deliver on adopted pension reforms.

Asset Allocation December 9, 2019

CalPERS CIO: No Divestment of Fossil Fuel Companies

Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.

News December 9, 2019

Illinois’ Unfunded Pension Liabilities $500 Million More Than Expected

The state retirement system’s unfunded liabilities rise to $137.3 billion.

Asset Allocation December 9, 2019

Pennsylvania SERS Returns 0.32% in Q3, 12.39% Year-to-Date

Board addresses transparency concerns, and hires firm to find new CIO.

Asset Allocation December 9, 2019

Small Caps Start Climbing, at Long Last

Beaten down for much of the current bull run, smaller stocks out-pace the big boys.

Newsmakers December 6, 2019

French President’s Pension Proposal Prompts Nationwide Strikes

Macron’s controversial strategy to stabilize the retirement plans'  finances threatens to paralyze the economy.

Research December 6, 2019

Sure, US Manufacturing Is in a Recession, but So What?

Capital Group economist Franz, harking back to 2015-16's mini-recession, says industrials won’t bring down the rest of the economy.

Newsmakers December 6, 2019

New Mexico Governor Backs Linking Pension COLAs to Investment Performance

Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.

Opinion December 6, 2019

Uncertainty the Only Certainty in 2020

US elections, Brexit, trade wars create hazy outlook for economic prognosticators.

Regulation December 6, 2019

Chicago Hedge Fund Adviser, Executives Charged with Fraud

SEC alleges firm overcharged investors by inflating fund values.

Risk December 5, 2019

Florida Firefighters Pension Sues Resideo for Securities Fraud

Class action suit alleged firm misled investors to artificially inflate share price.

Regulation December 5, 2019

Connecticut Moves to Embrace ‘First-of-its-Kind’ Gun Divestment Policy

State treasury plans to divest from civilian gun manufacturers to mitigate the national gun violence crisis.