Bloomberg Settles SEC Charges of Misleading Pricing Disclosures
Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.
News
How to Boost Diversification, From 2 Wise CIOs
Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.
M&A Deals Predicted to Increase in 2023, Survey Shows
Katten survey indicates that with companies holding large amounts of unallocated capital, middle-market private equity dealmakers see financial services, technology and insurance acquisitions as big opportunities for 2023.
Swiss Pension Fund Publica Lost 9.6% in 2022
The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.
25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing
The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.
PBGC Bails Out 2 Construction Pension Funds
Pension plans for ironworkers in Alaska and plasterers in Oregon will receive assistance.
International Paper Promotes Tusch to Oversee Pension and Savings Plans
Current Deputy CIO Carol Tusch is replacing Bob Hunkeler, who will retire at the end of the quarter after leading the investment office of International Paper for 26 years.
Pitcairn Family Office Names Sonnenberg as New CIO
Former CIO Rick Pitcairn moves into a newly created global strategy role.
JPM: Reopen Corporate DB Plans or Stop Closing and Freezing Them
Sponsors no longer need to block new workers from defined benefit pensions, as the programs are an advantage, says a study.
NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal
If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.
No Smoke and Mirrors Here: Good ESG Ratings Help Stock Prices, Bad Grades Hurt Them
In the culture wars’ latest front, how sustainable principles affect equities is a burning topic addressed in a recent research study.
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
ESG Themes to Be Aware of in 2023
Top concerns for ESG investing in 2023 include net-zero emissions targets, employee well-being and data scarcity, according to one annual global outlook.
Ash Williams: Passive Investing’s Use Is an ‘Illusion’ That’s Now Dispelled
It’s a creature of another time, and active management is needed for today’s challenges, the investment legend argues.