NY State Pension Invested $2.7 Billion in Alts Just Before Market Tanked
The $210.5 billion fund invested more than $2.2 billion in private equity and no money in public equities.
Asset Allocation
How Much Will US GDP Shrink This Year? Try 5.4%
That’s the harsh forecast from IHS Markit, one of the grimmest on Wall Street.
What Stocks Should Emerge First, Post-Crisis?
Think Asian tech firms. That’s the reasoning of Wellington Management.
It’s a Terrible Time for Pensions to Have Weak Liquidity
Market downturn could force some public pensions to sell assets for a loss.
BlackRock, While Predicting ‘Sharp’ Recovery, Is Building a Strong Cash Position
The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.
Bridgewater Scales Back European Shorts After Cashing In
Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.
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.