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.
News
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.
Limping Commodities Poised to Soar Anew, Says Goldman
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
Investors Removed $111 Billion From Hedge Funds During 2022
Nasdaq eVestment’s hedge fund data showed that redemptions totaled $111 billion last year.
Bridgewater Promotes Karniol-Tambour to Co-CIO
Formerly co-CIO of sustainability, she joins Greg Jensen and Bob Prince in managing the $150 billion hedge fund’s portfolio.
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Why Meta’s Stock Surges, Despite Skunky Earnings—A Harbinger for Tech?
Slammed in 2022, the Facebook parent and its Big Tech kin see their shares dazzle now, even if their financial performances haven’t.
More Than 100 Investment Organizations Sign CFA’s Diversity Code
Top-flight entities, from CalPERS to Cambridge Associates, pledge to boost DEI and track their progress.
Peter Branner Hired to Assume CIO Role at Abrdn
Abrdn, the Scotland-based global investment company, has appointed Peter Branner as CIO, effective May 1.
CalSTRS Promotes 2 to Senior Investment Director Roles
Geraldine Jimenez will be responsible for public markets, while Mike DiRe will oversee private markets.