Late in an economic cycle, like now, they should be nosing into the lead. Except they aren’t. Tech and health care, along with factors like low rates, have changed the dynamic.

In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.

Morgan Stanley says yes, CFRA says no.

Group also names Ellen Taggart as CFO, treasurer

The new-age CFO works closely with the CIO to pursue a company’s long-term strategic welfare and management of the organization’s investment portfolios.