Japan’s GPIF Seeks Data on Effect of Securities-Lending Suspension
The $1.73 trillion pension giant has issued a request for information regarding its 2019 decision to stop lending securities to short sellers.
Newsmakers
House Passes Securing a Strong Retirement Act
Bill would require 401(k) and 403(b) plans to automatically enroll eligible participants.
Providence Pension Mulls Issuing $515 Million in Bonds, Following POB Trend
But bonds don’t always outperform stocks over the long run, according to one expert.
Brother, Sister Charged in Alleged $124 Million Crypto Fraud Scam
John and Tina Barksdale allegedly defrauded thousands of investors through offerings of a digital token called Ormeus Coin.
Stanford Launches Research Initiative on Long-Term Investing
Ashby Monk gives CIO an inside look into the new initiative.
Norway’s Sovereign Wealth Fund to Exclude Chinese Firm Over Human Rights Abuses
Norges Bank says the risk is too high that sportswear and equipment maker Li Ning may be using forced labor.
Bill Proposes Ban on Institutional Investments in Russia
The IMPAIR Russia Act would prohibit institutional investors from investing in Russian entities.
Three Australian Funds Merge to Create the Country’s Second-Largest Retirement Fund
Officials hope that the mergers will reduce management fees and increase retiree benefits.
Bipartisan House Bill Would Allow Annuities as 401(k) Default Options
Separate bicameral proposed legislation aims to boost auto-enrollment retirement plan participation.
Market Edges Up in Reaction to Powell’s More Aggressive Stance
Fed chief says he’s looking at a half-point boost soon and indicates a quicker tightening tempo.
CalPERS Selects Wilshire Advisors as Consultant for Private Debt Allocation
Wilshire’s services were almost half the cost compared to those of Meketa.
401(k) Balances Rise to Record in 2021
The average plan’s value rose 8% during the year to $130,700.
U.S. Corporate Pension Funds Remain Steady in February
However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.
CAIA, SBAI Form Global Alts Partnership
Collaboration between the U.S., U.K. groups will focus on improving standards and professionalism in the alts industry.
Canada’s CDPQ Returns 13.5% in 2021
Canada’s second-largest pension fund’s asset value has grown by C$149.1 billion over the past five years.