New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Newsmakers
Financial Advisors Found Using False Credentials
Report says firms listed on comparison service sites falsely claim to have advisers with CFP status.
Vanguard Sees Market Correction Odds at 70%
Bull market could end in H1 2018, Morgan Stanley strategists say.
TOBAM Launches First European Bitcoin Mutual Fund
Fund to integrate potential fork management while mitigating loss and theft.
CPPIB is ‘Watching’ Bitcoin, Blockchain Tech
Developer Axoni announces successful blockchain-based equity swap pilot with big banks.
New Rhode Island Treasury Program to Return $10 Million to Residents
Payments to be automatically processed during 2017 holiday season.
UK Higher Ed Employers Propose Switching USS Fund to DC from DB
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
Norges Bank Calls for Gas, Oil Stock Removal from GPFG Benchmark
Switch will decrease government’s exposure to shock vulnerability, bank says.
PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
CIO Announces Consultant of the Year Finalists
Winner to be announced during December 7 awards gala following CIO’s Influential Investors forum.
Oregon Task Force Offers Ways to Cut Pension Deficit by $5 Billion
Ideas include privatizing universities, and boosting alcohol and lottery revenue.