Athene Fined $45 Million for Unlicensed Pension Risk Transfers
New York regulator said the firm illegally entered into 14 risk transfer deals.
Asset Allocation
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.
Barclays Joins the Carbon Neutrality by 2050 Movement
The UK-based bank has indicated it wants to align the principles of all its financing activities with that of the Paris climate agreement.
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.
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.