Bridgewater Scales Back European Shorts After Cashing In
Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.
Asset Allocation
Coronavirus Chaos Torpedoes Municipal Bond Market
After initially staying strong as markets declined, munis tumble 11% in 11 days.
Swedish Pension AP1 Divests From Fossil Fuels
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Prudential Financial Launches Green Bond with $500 Million
Firm becomes first US insurance company to enter the $250 billion green bond market.
BlackRock Converts Money Market Portfolio to Environmental Fund
Fund will invest 80% in securities that meet its environmental criteria and contribute to the World Wildlife Fund.
The Appeal of OCIOs: Questing for Good Returns
Asset managers are turning to outside helpers as a kind of extra ammunition.
US Corporate Pension Plans’ Funded Ratios Fell 4 Points in February
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
BlackRock Changes Global Outlook Due to Coronavirus
The world’s largest asset manager said it’s reducing cyclical exposures to global assets, such as emerging markets and Japan.
CPPIB, Mubadala Lead $2.25 Billion Funding for Google’s Waymo
The investment into self-driving 'moonshot' company signals growing interest in automated driving technology.
PLSA Calls for Pensions to Hold Companies Accountable for Climate Change
New regulations require trustees to disclose ESG investment considerations.
Study Bolsters Case for Endowments’ Sustainable Investing
Growing body of evidence finds ESG investing can match or beat traditional investing.
Anti-Fossil Fuel Protests Hit Australia Pension’s Doorstep
Members of Australia’s UniSuper Fund protest against the fund’s fossil fuel investments.
Texas Episcopalians Will Pay $13 Million in Racial Reparations
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.
Ontario Employees Pension Returns 11.9% in 2019
Public equity returns of more than 20% help boost OMERS’ total asset value to C$109 billion.
Ontario Teachers’ Strikes Gold in Flexible Natural Resources Deal
OTPP and New Gold Inc. trade instant capital for free cash flows from a gold mine, with the option to convert to ownership.