Swedish Pension AP1 Loses 8.6% in 2022
Despite alts gains, fixed income and equities weigh down portfolio, contributing to investment losses of nearly $4 billion for the year.
News
Largest Corporate Plans Hit Highest Funded Status Since 2007, Despite 2022 Investment Losses
Higher interest rates lowered liabilities, as average asset losses reach 21% for the fiscal year, a Russell Investments study shows.
US Single-Premium Buyout Sales Set Record in 2022
2022 was a banner year for risk transfers, setting records in total dollar volume, contracts signed and single-premium buyout deals as rates rose and funding statuses improved.
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Corporate Bond Issuance Gushes: What Does That Mean for the Year?
Demand is strong for investment-grade paper, less so for junk.
Will Institutional Investors be Able to Save the Planet?
Do portfolio strategies meant to limit carbon and align with the Net Zero Asset Managers Initiative accomplish their environmental ends?
Fixed Income Weighs Down CDPQ to 5.6% Loss in 2022
Canada’s second-largest pension blames loss on “worst simultaneous stock and bond market correction” in half a century.
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Court Refuses to Dismiss Central States Pension Lawsuit
District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.
Global Endowment Management Names Stephanie Lynch Managing Partner
Matt Bank and Jay Ripley are named deputy CIO and deputy MP, respectively.
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
FEG President, CEO Becky Wood to Retire at End of 2023
Alan Lenahan will be promoted to CEO and Bill Goslee to president, effective January 1, 2024.
Congressional Democrats Try to Make DOL ESG Rule the Law
Members of the Sustainable Investment Caucus have proposed legislation that would codify permitting ESG considerations in retirement plan investment.
U.S. Asset Managers Fear Federal Reserve Rate Hikes Will Cause Recession
Asset managers are concerned that higher rates will spark a liquidity crisis and 27% fear that continued rate hikes will cause significant equity market losses, CoreData Research finds.
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.