Slowdown Time: Corporate Insiders Dial Back Sales—and Buys
Activity in company stocks was high last year but ebbed in 2022’s first quarter, says Verity. Could be a bullish sign.
Newsmakers
Net-Zero Pledges Aren’t as Green as You Think, Says New Study
Of the 25 asset managers studied that were members of the Net Zero Asset Manager Initiative, not a single one required companies in their portfolios to stop developing new projects with coal, gas, and oil.
Canadian, UK DB Plans Improve Despite Market Volatility and Inflation
Rising bond yields more than offset investment losses to reduce pension liabilities.
CalPERS to Increase External Management Budget by $145.6 Million
Most of the new fees will be allocated to private equity and real estate.
Older Workers Aren’t Part of the Great Resignation—They Got Fired
New research shows that many employees ages 55 to 74 who quit working were forced out.
Ackman SPAC Draws New Fire
Lawsuit says his vehicle, and others like it, should be under tighter federal regulation.
Wilshire Advisors Hit by Cyber Attack
Firm announces it was the target of a ransomware attack in early March.
Chile Rejects Two Pension Withdrawal Proposals
Politicians struggle to balance inflation fears with populist demands.
Wall Street Doesn’t Seem Very Impressed With Musk’s Bid for Twitter
The social media firm’s stock hasn’t risen much since his offer was unveiled.
Connecticut Treasurer Shawn Wooden Won’t Seek Reelection
The surprise decision comes after a little more than three years on the job.
What France’s First-Round Election Results Mean for Pension Reform
Macron has hinted that he will soften his stance on retirement age.
Vermont Senate Passes Pension Reform Bill
Proposed legislation intends to tackle $3 billion shortfall in state’s public retirement system.
U.S. Corporate DB Plans Hit Highest Funded Status in Years
Higher discount rates have helped, but investment managers suggest sponsors be mindful of risks ahead.
Corporate Pension Risk Minimization Is Going to Become Increasingly Inefficient, Says JPM Strategist
Corporate pensions are now nearly 100% funded, meaning that their strategies may need to change.
President Macron of France Fighting to Raise Retirement Age Ahead of Election
The divisive issue has become a flashpoint of the campaign.