For the world’s largest asset owners
May 8, 2020
California Pension Spiking Case Nears End in Court Showdown

Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.

Re-Opening the Economy Won’t Do Stocks Much Good, Says Yale Expert

Portent: Chinese consumers remain fearful about going out after lockdown lifted, ex-Morgan Stanley honcho Roach warns.

Why Did Bill Ackman Unload His Berkshire Stake?
Stock Market’s Rise Doesn’t Jibe with Overvalued P/E, Stovall Warns
How Asset Allocators Are Planning Life Back in the Office
Rhode Island CIO Departs for Washington Hospital System
Your Hacking Risk: What You Don’t Know Really Can Hurt You
Bloomberg Fined $5 Million by SEC for Brokerage Practices

The company’s subsidiary, Bloomberg Tradebook, allegedly transferred low-commission client orders to unaffiliated broker dealers. 

Public Pensions Could Suffer for Years from Pandemic Losses
Employers will have to increase contributions unless markets rebound sharply, says S&P.
Too Much Leverage, Too Much Risk Are Weighing Down Hedge Funds

Designed to fly high during slumps, a bunch of them have disappointed, big time.

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