Vatican Calls for Catholics to Divest from Fossil Fuels
Church urges its 1.2 billion members to invest in renewable energy and to monitor mining activities.
Newsmakers
Unease Remains Around Incoming Chief at Norges Bank
The supervisory board at the sovereign wealth fund told the national parliament that further control measures are needed to prevent conflicts of interest.
Austin Takes Steps to Save Local Pensions
The city’s Audit and Finance Committee enables new legislative allowances to save its police and employees’ retirement systems.
Supreme Court Rules Pensioners in Fully Funded Plans Can’t Serve ERISA Suits
Plaintiffs charging mismanagement of funds would have received the same fixed payment regardless of investment outcomes, the ruling said.
Why Paul Tudor Jones Sees a Bright Future for Bitcoin
To trend-spotting hedgie, the cryptocurrency is ‘the fastest horse,’ so he buys its futures.
Senators Urge Pelosi to Include Pension Fix in Next Stimulus Package
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
Trump Considers Banning Chinese Stock in Federal Pension, Reports Say
The White House is reportedly reviewing its options against a planned investment into Chinese equities.
Tufts University CIO Sally Dungan Dies of Cancer
Dungan, who had led the $2 billion fund for nearly 18 years, is credited with creating Tufts’ Investment Office.
More Federal Spending Means Higher Taxes, Says Leon Cooperman
Tax breaks like those on capital gains will end, hedge fund hotshot predicts, if either Trump or Biden wins.
$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
Norway’s Sovereign Wealth Fund Hit by Scandal
Norges Bank investigates outgoing CEO’s flight on luxury jet paid for by incoming CEO before his hiring.
Possible CalPERS Coronavirus Case Forces Investment Meeting Cancellation
The CalPERS headquarters was also closed Monday, the same day as the scheduled meeting.
Top Money Managers Among Those Fired from CalPERS
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
New Mexico Pension Reform Breezes Through State Senate
Bill proposes $76 million infusion from state, as well as sweeping contribution and COLA changes.
Charlie Munger Airs a Morose View of the Future
Lack of innovation and ‘wretched excess’ signal trouble is coming, Buffett’s pal warns.