Trump Administration Removes Scaramucci
“The Mooch” removed from White House position as new chief of staff appointed.
Newsmakers
$1.3 Billion Needed for Chicago Pension Funds, Debt Payments, KBRA Says
The bond rating agency suggests positivity, despite rocky road ahead.
GSAM’s Moran: Surging PBGC Fees Incentivize Pension De-Risking
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Focus Fund Seeks to Make $900 Million in Senior Housing Investments
The fund seeks to add value by making property improvements and improving residential experiences.
Apollo Secures $24.6 Billion for Largest Private Equity Fund Ever
Strong historical returns and booming investor interest in asset class allow for record raise.
Connecticut Pension Funds Hit All-Time High
Two largest pension funds return 14.40% and 14.34%, respectively.
British Columbia Investment Management Reports 12.4% Annual Return
Fund’s new investment model emphasizes active management over indexing.
IMF Downgrades US, UK Growth, Upgrades Eurozone
Says US fiscal policy will be less expansionary than previously assumed.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Scaramucci Becomes White House Communications Director
Press secretary Sean Spicer resigns in aftermath.
A Sober Second Half for Institutional Investors
State Street’s Lori Heinel talks with CIO about a tempered global market outlook while health care debate stalls progress on tax code overhaul.
Investors Press US SEC for Enhanced Human Capital Disclosures
Good corporate human capital management practices are associated with better financial performance.
UK Moves Up Pension Age Change
New timetable sees pension age rise to 68 by 2037, seven years earlier than current legislation.