Benchmarking Addendum: But What’s the Best Way to Benchmark Alts?
Longtime CIO Tony Waskiewicz answers the question: ‘Would you use the same long-only benchmarks?’
Asset Allocation
Rockefeller Brothers Fund Profits From Divestment
Philanthropic fund from the family that founded Standard Oil is now 99% fossil-fuel free.
CalSTRS Mandates More Money from State, Employers to Absolve Growing Deficit
The pension was about 66% funded before the COVID-19 pandemic.
Alaska Permanent Fund Contemplates a New Dalio-Backed Gold Allocation
The new allocation would provide the portfolio with a new risk-mitigating asset class, citing the support of Bridgewater Associates’ Ray Dalio.
Bad Breadth: 5 Giants’ Market Dominance Is a Grim Sign, Goldman Says
History shows that the lofty status of Microsoft and its tech peers could lead to a deep market rout, the firm warns.
New York Pension Fund to Supplement Federal Small Business Loans
The state hardest hit by the coronavirus is bolstering relief efforts.
Washington State Board Makes Up To $1.9 Billion in Extra Private Market Commitments
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
Institutional Investors to Reduce Real Estate Investments in 2020
Pension funds, endowments, foundations plan to cut property commitments by 11%.
Harvard Adopts Goal for ‘Net-Zero’ Greenhouse Gas Emissions by 2050
Directive for $41 billion endowment stops short of fossil fuel divestment demanded by faculty.
Rhode Island Lost 9.5% But Performed Better Than Benchmarks
The state treasurer attributed an allocation into Treasuries and quant strategies for offsetting losses.
Most Institutional Investors Are Sticking to Their Private Market Allocations During the Pandemic
A survey by Eaton Partners concludes many institutional investors are keeping their allocations to private assets the same or increasing them.
Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
IMF Expects Worst Economic Fallout Since Great Depression
Group proposes four-point plan for ‘bridge to recovery,’ saying many emerging countries will need a reallocation of their limited public resources and an increase in the world’s flow of resources to them.
Op-Ed: We Need to Talk about Pensions
Matthew Bale from RiskFirst, a Moody’s Analytics company, takes an analytical look at the implications of COVID-19 for the UK pension industry.
OP-ED: Getting Ahead of Structural Change After the Chaos
Shifts to consider when planning future investments.