Market Drilldown October 15, 2019

Why Are We Still Using the P/E Ratio?

The storied multiple takes a lot of flak, but maybe it has value after all.

Asset Allocation October 15, 2019

UN Pension Fund to Divest Coal

$68 billion defined benefit pension vows to be carbon free by 2020.

Newsmakers October 15, 2019

Ken Fisher’s Lewd Comments Cost Him a Big Client

The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.

Newsmakers October 15, 2019

Virginia Will Lower Assume Rate of Return for Its Retirement Fund

The state’s system will make changes to asset allocations and benchmarks, too.

Regulation October 14, 2019

Kentucky Retirement System’s Strategy to Get Legal Victory Against Agency

State Supreme Court opinion says Seven Counties owes KRS contributions.

Risk October 14, 2019

Baxter De-Risks $2.4 Billion in Pension Liabilities

Annuity contract with Prudential to transfer benefits for 17,200 members.

Risk October 14, 2019

Boston Pension Fund Sues Chemours Over Environmental Liabilities

Lawsuit claims firm misled investors about ‘massive’ liabilities as stock lost half its value.

News October 14, 2019

Uh-Oh, High-Yield Bond Downgrades Expand

Ratio to upgrades doubles, Moody’s says, due to sales dip.

Research October 11, 2019

Limiting vs. Eliminating Pension Risks

Defined benefit plan sponsors should consider multiple de-risking Strategies.

Regulation October 11, 2019

UK Pension Regulator Begins Widespread ‘Crackdown’ on Poor Recordkeeping Practices

Pensions found in poor accordance with standard practices face fines and penalties.

Asset Management Culture October 11, 2019

Case Study: Seeking More Agility, University of California Redesigns Fintech Platform

Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.

Asset Allocation October 11, 2019

Norway’s Largest Pension Fund Divests from Oil Sands 

KLP excludes firms such as ExxonMobil’s Imperial Oil from $81 billion portfolio.

Asset Management Culture October 11, 2019

DeVry Settles Securities Lawsuit with Utah State Pension

School allegedly lied about its work placement rates for graduates.

Shop Talk October 10, 2019

CIO ToolBox: the Best Way to Onboard New Board Members

The process can mean more-engaged trustees.

Research October 10, 2019

Rising Rates Boosts Corporate Pension Funded Status by $38 billion

The funded ratio of the 100 largest US corporate pensions rises to 85.4%.

Asset Allocation October 10, 2019

Alaska Contemplates Market Trends for Next Asset Allocation Strategy

CIO Marcus Frampton discusses the implications of each asset class while preparing for a new strategic asset allocation.