Breaking News: Washington State Investment Board Names New CIO
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
Newsmakers
CDPQ’s History-Making CEO Heads for the Exit
Michael Sabia departs after a transformative 11-year run at the Canadian pension plan.
Defeated CalPERS Board Candidate Says Election Was Rigged Against Him
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.
No Recession Before the 2020 Election, Goldman Chief Predicts
David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.
Norges Bank CEO to Resign, Pension Fund Returns 1.6% in Q3
Yngve Slyngstad to step down after 12 years running the $1.09 trillion fund.
Companies Should Pay Better, Survey from Paul Tudor Jones Group Says
Poll finds compensation is top issue in ways businesses could improve Americans’ lives.
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
Breaking News: CalPERS Board President Henry Jones Beats Challenger
Jones beat former board member J.J. Jelincic in a heated race that dealt with CalPERS investment policy and past sexual harassment charges
Yale, Stanford, Brown Endowments Return 5.7%, 6.5% 12.4%
Brown outperforms bigger endowments to reach record asset value.
Harvard, Penn Endowments Return 6.5% Each, Duke Returns 6.9%
Endowments facing ‘economic headwinds’ in 2019.
Rothesay Breaks Two Records with Two Risk Transfer Deals
Insurer signs £4.7 billion deal with Telent, and £3.8 billion deal with Allied Domecq.
Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
Banks’ Pledge to Fight Climate Change Isn’t Universally Lauded
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
William Priest, Noted Wall Street Savant, Steps Down as Head of Epoch
The longtime commentator on markets and economics will stay on to oversee investment strategy.