Asset Management Culture
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Asset managers are turning to outside helpers as a kind of extra ammunition.
Water Island Capital, which owns 4% of the firm, says the offer price is too low.
Increased volatility caused by coronavirus likely to keep risk transfer market booming.
Exclusive: Kentucky Retirement’s Executive Director Says Proposed Board Split Will Increase Taxpayer Burden
As coronavirus cases increase, the investment office of the California educator fund has developed plans in case investment staff are quarantined.
Some of the country’s largest institutional investors are taking precautionary steps to protect their staff from the virus.
The state retirement fund is injecting $55 million to pay down liabilities, while also changing COLAs and increasing contributions.
Even senior management at Temasek may find their bonuses trimmed as much as 15%, as investors contend with the disease’s impact.
Citing under-representation in the current KRS board, the system puts forth legislation to establish its own panel.
That share of the pie gets even smaller—to 3%—when more stringent definitions of ‘diversity’ are applied.