AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Asset Management Culture
Exclusive: San Francisco’s CIO Calls Allocators and Industry Leaders to Action during Pandemic
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
BlackRock to Hold Directors’ Feet to the Fire
World’s largest asset manager will seek to oust those who don’t meet the firm’s sustainable criteria.
BlackRock Commits $50M to Coronavirus Relief Efforts
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
Norges Bank Draws Down Oil Revenues to Ease Coronavirus Impact
Norway’s central bank is ramping up spending amid greater calls from the government for a stimulus package.
More Public Plans Ramp Up Social Distancing Because of Coronavirus
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Aussie Pension Suspends Its Short Selling-related Stock Program
Unisuper cites its ineffectiveness in helping the current market situation.
UK’s Largest Asset Manager to Launch a Completely Green Pension Fund
LGIM is said to have conceded to membership pressure regarding its investments in the fossil fuel industry.
Flagship Bridgewater Fund Reportedly Tumbles 20% From Coronavirus
Founder Ray Dalio has admitted being taken by surprise by the economic impact.
NJ Plan Seeks to Let Police Officers and Firefighters Retire Early
Called the ‘burnout bill’ by advocates, pension beneficiaries could retire after 20 years, but get no health benefits.
Rhode Island Treasurer, Hedge Fund Get Board Diversity Pledge from Telecom
The charge is that directors at $30 billion SBA Communications do not meet the 30% diversity criteria.
NC State Pension Weathers Market Turmoil Well as Others Crumble
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
The Appeal of OCIOs: Questing for Good Returns
Asset managers are turning to outside helpers as a kind of extra ammunition.
Massachusetts Ramps Up Diversity Guidelines
The state’s PRIM Board will vote against nominees if less than 35% of the board is diverse in terms of gender and race.