$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
Newsmakers
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.
Elizabeth Jourdan NextGen of the Year
Chief investment officers vote for Jourdan, who is now leading the team at Mercy, after she competes on a rapid-fire Q-and-A panel at CIO's Influential Investors Forum.
UK Pension Plan Tells Managers: Adhere to Low-Carbon Investments or Leave Us Alone
Brunel Pension Partnership sets out a ‘groundbreaking new approach’ to tackle carbon emitters.
South Carolina Governor Calls for Closure of Defined Benefit Pension
Gov. Henry McMaster’s proposed plan would move all new employees into a defined contribution pension.
Mark Cuban: Stock Rally Will Continue as Long as Low Rates Do
Billionaire entrepreneur and 'Shark Tank' star, unlike Paul Tudor Jones, doesn’t see this year as a 1999 re-run, with its bursting bubble.
Good Economy Means a Trump Win, Says PE Potentate Rubenstein
Incumbent presidents only lose due to recessions, Carlyle founder argues.
Stock Market Feels Like 1999’s, Says Paul Tudor Jones
Hedge fund honcho thinks current wacky times could be headed for a popping bubble.
The Disaster That Made Blackstone’s Schwarzman Who He Is Today
The private equity titan’s 1989 stumble taught him valuable lessons.
With Andrew Sawyer Gone, MainePERS Launches CIO Search for $15 Billion Fund
The CIO departed the fund in November after a 12-year run.