Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Letter criticizes short-term thinking that ‘imposes an ideological screen on an investment manager’s ability.’
Prosecutors allege that Neil Phillips artificially drove the dollar-rand exchange rate lower to trigger a $20 million option payout.
Join CIO on September 20 for a conversation with San Bernardino County Employees’ Retirement Association’s CIO Donald Pierce. He’ll discuss the decision to move out of international and emerging markets stocks and more into U.S. equities, how the fund is managing global and domestic fixed income in a time of rising interest rates and inflation, and much more. Register today.
Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.
As inflation rises, bank deposits fall by nearly $370 billion in the second quarter—the largest decline in 20 years.