At Morningstar: Bond Fund Managers Suggest Investors Build Liquidity
One sees parallels to 2007 in current market conditions.
Newsmakers
This Week’s CIO Summit: Asset Owners to Debate ESG, Team Building, Capital Preservation
Second day will wrap up the conference with a closed-door, CIO-only session.
At Morningstar: PIMCO CEO Sees Growing Business in Private Credit Market
While currently a small part of overall business, private credit could help pension funds meet returns.
Papa John’s Founder Is Bailing, Good News for Hedge Fund
With the disgraced John Schnatter selling his stake, hedge operator Starboard gets a decent shot at a turnaround of the pizza company.
At SALT: CPPIB Goes Long in Emerging Markets
Canadian pension plan eyes growth in emerging markets as valuations get bubbly in the developed world.
At Morningstar: Heavy Corporate Debt Could Affect Equities
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Next Week’s CIO Summit: Asset Owners Talk Geopolitics, Alts, and Credit
Afternoon session of the conference’s first day promises loads of useful advice and insights.
At Morningstar: ETF, Mutual Fund Securities-Lending Programs Coming Under Scrutiny
Practice seen as less risky as it was before the financial crisis.
New Mexico PERA’s Board Stalls Executive Pay Increases
Pension fund officials already received ‘huge raises’ in 2018, says Director Armijo.
Be Sure to Catch the CIO Summit Next Week
The morning of Day One to feature CIO hotseat, tech panels, and more.
Alternatives Are Moving New Jersey’s Funding Needle
How the floundering pension employed them to better its funding status during a rough 2018.
NY State, Church of England Pensions Withhold Exxon Directors Support
The funds say the oil company’s response to climate change has been ‘inadequate.’
Everyone’s Failing to Help Fund Puerto Rico Pension’s Back-Up Plan
Report finds that municipalities, public organizations, and the private sector are failing to pay their fair share to assist the decimated pension.
San Francisco Needs to Commit $2.8 Billion to Private Markets
The pension system will need to make major new investments in 2019 to keep its large private markets portfolio intact. In the case of private credit, the investments will also help build the asset class.
CalSTRS Expected to Support Carbon Pricing
Plan will look at corporations’ policies on the issue as it examines their sustainability policies.