After a Spotty Run, John Paulson Quits Hedge Funds
Famed investor, who triumphed shorting the housing market in 2008, is the latest to shift into a family office, amid hard times for hedgies.
Asset Management Culture
Majority of Insurers Confident in Asset Managers During Downturn
They’re also upping their allocations into alternatives, such as private equity and private credit, says a State Street survey.
Pennsylvania SERS Names Seth Kelly CIO
Kelly replaces Bryan Lewis, who left last year and is now CIO of US Steel.
Sam Zell Calls Markets ‘Too Optimistic,’ Expects U-Shaped Recovery
Although he says the economy is now in a recession, Zell doesn’t think it will be as deep as expected.
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Firefighters Union Head Accused of Pension Mismanagement
Internal audit alleges that International Association of Fire Fighters President Harold Schaitberger misreported millions of dollars in union funds.
Pandemic Spurs Investor Interest in Social Bonds
The sustainable finance instrument has become an unlikely tool in the economic fight against COVID-19.
Pennsylvania Fund Debates How Best to Invest in Today’s Environment
Low stock valuations and bond yields leave PSERS questioning next moves.
CPPIB Ex-Chief Mark Wiseman Named AIMCo Board Chair
The industry head joins the Alberta investment manager just as the province is considering seceding from the national plan.
Tesco Pension Investment Chief Steven Daniels to Retire Next Year
Deputies Danny Firth and Jenny Buck will take over his dual roles as chief executive and investment chief at the British supermarket giant.
NYC Pension Head Calls on GM to Disclose Lobbying Practices
Scott Stringer accuses automaker of privately working against climate policies it publicly supports.
MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services
The life insurance company apparently no longer considers the DC plans integral to its business.
Harvard Says It’s Not Planning Layoffs, But Offers Early Retirement Packages
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Northern Trust Joins Asset Servicing Unit to BlackRock’s Aladdin
The Chicago firm is the latest to integrate its tools to the portfolio management software.