CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
Newsmakers
Allianz Global Investors to Repay Over $5 Billion for Securities Fraud
The strategy was sold to approximately 114 institutional investors.
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
You Thought Musk’s Twitter Quest Was Iffy? Check Out These New Snags
Spawning more doubts: the shortfall on its stock price, a federal probe and a pension program lawsuit.
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.
Amid Market Gloom, Value Has Come Off Pretty Well
UBS’s Haefele says now is the time to belatedly board the low-cost train.
Q1 Earnings Are Up, But Nothing to Cheer About
While profits have kept climbing, the rate of ascent is slowing, per FactSet.
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
Bipartisan Bill Aims to Cut Retirement Plan Costs for Small Business
Legislation would allow expenses related to changing a retirement plan’s design to be reimbursed from participants’ plan assets.
Pension Risk Transfer Market Has Largest First Quarter in History
Experts predict that this trend will only accelerate throughout the year.
Why the Fed’s Bond Runoff Might Not Be Such a Big Deal
Future plans are vague, and it would take years for the central bank’s balance sheet to reach its pre-pandemic level.
Expect Chronic Inflation, Says CIO of Singapore’s Sovereign Wealth Fund
At the Milken Institute Global Conference, institutional investors discussed rethinking their allocations, as the inflationary environment seems likely to be here for the long haul.
Why Share Splits Are Hot in a Cold Market
Turns out splitting helps a stock’s price: Cue Amazon, Alphabet, and Tesla.
CalSTRS Plans to Redefine ‘Diverse Managers’ and ‘Emerging Managers,’ in Accordance With New California Law
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.