Market Drilldown December 5, 2019

Frozen Liquidity Problem Solved, Kinda, So Alts’ Popularity Grows

Liquid alternative investments let you cash out, but what will happen in the next market panic? 

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.

Risk December 5, 2019

Norway Pension Fund Removes Petrobras from Watch List

Norges Bank says Brazilian oil firm’s US settlement reduces corruption risk.

Manager Selection December 4, 2019

Exclusive: CalPERS Fires Most of Its Equity Managers

Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.

Asset Allocation December 4, 2019

Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End

Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.

Risk December 4, 2019

A Warren Win Wouldn’t Necessarily Bring a Bear Market, Says Bernstein

Similar downbeat predictions about Obama and Trump came to naught, strategists point out.