New Mexico Teachers’ Fund Scores Small Gain for Fiscal Year
In a tough time for investments, the fund logs a 1% portfolio increase.
News
San Diego Pension Fund Names Carina Coleman CIO
She succeeds Liza Crisafi, who retired after 15 years at San Diego City Employees’ Retirement System.
Multiemployer Plan Funding Levels Down Sharply in First Half of 2022
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
Higher Stocks Benefit US Corporate Plans in July
Despite lower discount rates, aggregate funding level for plans of S&P 1500 companies rose to 102%.
Fordham University Taps Geeta Kapadia as CIO
Kapadia succeeds Eric Wood, who had been the university’s CIO since 2011.
Downsides of Direct Indexing: Tracking Error and Less Diversification
Research Affiliates assesses how tailoring indexes to investors’ tastes carries its own weaknesses.
Kentucky Public Pensions Lose 5.7% in Fiscal Year 2022
Despite the loss, the commonwealth’s pension funds just beat out their benchmark’s performance.
A Buybacks Tax Would Have Just Minor Effect, Some Strategists Say
The 1% levy in a Senate-passed bill shouldn’t deter the repurchase trend much, they think.
Don’t Call It a Comeback: Plan Sponsors Could Thaw Frozen Defined Benefit Plans
Unfreezing pension plans may help with workforce recruitment and retention.
Japan’s GPIF Loses $28 Billion in First Quarter of Fiscal Year 2022
The $1.43 trillion pension giant posts back-to-back quarterly losses for the first time in six years.
A Fed Pivot? Not a Chance, Says the Futures Market
The expectation is wrong idea that the Federal Reserve will cease its tightening and lower rates, CME contracts suggest.
Teamsters’ Plan to Claim Most of Latest PBGC Aid
More than $800 million from Special Financial Assistance Program will help two pension funds covering more than 22,000 participants.
19 GOP Attorneys General Slam BlackRock Over ESG Investments
‘Fiduciary duty is not lip service,’ says August 4 letter, which is addressed to CEO Larry Fink and seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Why Have Stocks and Bonds Been Correlated Lately?
In three decades, both asset classes went south at the same time in only nine quarters, and two of them occurred this year, says Panama’s Santiago.
CalSTRS Loses 1.3% in Fiscal Year 2022
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.