Experts Debate Whether or Not a Recession in Europe Is Imminent at World Economic Forum
Data so far remains optimistic, but supply chain factors worry some.
Newsmakers
Willis Towers Watson, State Street Join AlphaNasdaq OCIO Indices
The two asset managers bring the total number of providers in the collection to 46.
PBGC Approves Bailouts for Five More Multiemployer Plans in May
The agency has now approved more than $6.2 billion in special financial assistance funds to cover nearly 120,000 participants.
CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
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.