New York Pension Fund Dumps Gun Stocks
School shooting in Newtown, Connecticut leads pension fund to fully divest from the firearm industry.
Newsmakers
Monoline Insurer Fights Back on Goldman Sachs MBS Losses
Goldman Sachs forced back to court over MBS portfolio.
Harvard Ethics Scholar: Investment Consulting Swimming with Corruption
Misaligned interests, placement agents, and the disappearing line between consultants and asset managers have corrupted the industry that’s specifically tasked with protecting retirement assets, one academic contends.
Long-Term Investors Reduce Volatility, Improve Corporate Responsibility
Virginia Tech researchers have linked long-term shareholders to improved corporate citizenry and higher stock valuations—but profits take a small hit.
Brown University Names New CIO
A former hedge fund manager will lead the school’s $2.8 billion endowment starting in June.
Norges Bank’s Five-Factor Equity Risk Model
The factors: Expected dividend growth, expected dividend level, equity risk, expected inflation, and interest rates—and only one is typically priced-in, according to Norway’s state investment managers.
France: A Nation of Actuaries?
Move over Monet, money – or the preservation of it – is the nation’s latest, greatest achievement.
Negative Interest Rates on the Horizon
They may help the region out of crisis, but investors are facing further difficulties from ultra-low rates.
Can Illinois Make it Stick This Time?
Another day, another plan to try and sort out a multi-billion dollar pension deficit.
In Memoriam: Bill Mahoney (1957-2013)
William Mahoney, who was instrumental at Bridgewater Associates, raising capital in its formative years, died this week. He was 55.
Pensions Replacing Funds-of-Funds as Top PE Investors
Private equity investors became a significantly more diverse group over the last year, according to Preqin data.
Dutch Pensions Target Lower Fees
Europeans want to lower their costs, but some are keener than others.
NYC Pension Funds Sue BP to Recover Losses
The suit alleges that BP failed to tell shareholders of the serious risks related to offshore drilling.
Preferential “Treatment”
From aiCIO magazine's April issue: A column by Nevin Adams on tax treatments of 401(k) plans.
The New Hybrid DC Plans in Corporate America
From aiCIO magazine's April issue: Charlie Ruffel on closing in on your grandson's defined contribution plan.