NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
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Invesco, Russell Investments Name New CEOs
Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.
Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Ontario Pension Giant OMERS Promotes Ralph Berg to CIO
After the April 1 transition, current CIO Satish Rai will remain as an adviser until he retires in 2024.
Silver’s Price Growth Is Outpacing Gold: A Good Economic Sign
One factor that gives silver a boost is its use in renewable energy products, DataTrek says.
Bipartisan Bill Aims to Restore Delphi Retirees’ Pension
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Biden Backs Debt Ceiling Increase, Proposes Higher Tax on Buybacks
President pledges to protect Social Security and Medicare and asks Congress to 'finish the job' on many of his priorities.
Labor Secretary Marty Walsh Will Leave Post for NHL Players’ Association
The NHLPA has not yet voted on a new executive director, but Walsh is expected to be approved in the coming days.
UBS: Why Emerging Markets Should Romp—and It’s Not All China
Changes in inflation, interest rates and the dollar are expected to factor into an EM resurgence.
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
Former Goldman Sachs President Schwartz Selected as New Carlyle CEO
Harvey Schwartz takes over at private equity behemoth Carlyle Group on February 15.
Public Pension Funding Status Rose in 2022, NCPERS Says
The figure climbed to 77.8%, up 3 percentage points from the year before, a survey shows.
What Happens if US Debt Defaults? Just Short-Term Pain, Sages Say
Drawing lessons from history, any federal failure to pay should be a hiccup, albeit an expensive one.
Norway’s Pension Giant Adds Chinese, Indian Firms to Exclusion List
Pension fund accuses AviChina, Bharat Electronics of selling military equipment to Myanmar’s armed forces.