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.
Newsmakers
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.
Expect Chronic Inflation, Says CIO of Singapore’s Sovereign Wealth Fund
At the Milken Institute Global Conference, institutional investors discussed rethinking their allocations, as the inflationary environment seems likely to be here for the long haul.
Why Share Splits Are Hot in a Cold Market
Turns out splitting helps a stock’s price: Cue Amazon, Alphabet, and Tesla.
CalSTRS Plans to Redefine ‘Diverse Managers’ and ‘Emerging Managers,’ in Accordance With New California Law
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.
How Corporate Pension Funds Overcame Their Deficits Last Year
Pension funds with low fixed income and high equity allocations had a leg up.
Employees Are Still Confident in Their Retirement Plans
The pandemic doesn't seem to have dimmed hopes.
PBGC Approves Over $300 Million in SFA Funds to 3 Pensions
The struggling multiemployer plans cover nearly 2,000 participants.
Q1 Was a Bad Quarter for Pension Investors, Says Willis Towers Watson Report
All regions aside from Brazil had negative investment returns.
New York Common Retirement Fund Invests Over $2.7 Billion in March
Pension giant commits nearly $1.2 billion in credit investments and $1 billion in private equity funds.