Get Ready for an L-Shaped Recession, Warns Credit Suisse
A deep recession and then little growth may be what’s needed to fight today’s high inflation, says strategist Pozsar.
News
Justice Department Ends Investigation of Pennsylvania PSERS
A 2020 accounting error had prompted the investigation that lasted for more than a year.
Did You Enjoy the July Rally? Too Bad It Was Temporary
Inflation, Fed rate hikes and an inverted yield curve are all undermining what seems like a new bull market, says Comerica’s Lynch.
New York State Pension Invests Over $3 Billion in Alts in June
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
The Market Slips Due to Fed Signals, Yet Again
Stocks ride the central bank roller coaster as two Federal Reserve governors sound hawkish.
Kentucky Public Pensions Authority Names Steve Willer CIO
The $22 billion pension fund also tapped Anthony Chiu as deputy CIO.
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
Athene, Now Part of Apollo, Was the PRT Champ of 2021
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.
Be Wary of Single-Stock ETFs, Warn SEC Commissioner, Education Head
Recommending the new product to retail investors without breaching fiduciary duties could be ‘challenging.’
Bill Seeks to Protect Retirement Savings From ‘Woke CEOs’
The proposed Securing Employee Retirement Returns Act aims to codify Trump-era anti-ESG rules.
What Were the 10 Best Stocks in the Last 5 Years?
Not all of them are the FAANGs, like pharma firm Eli Lilly.
Public Pensions Face Sharpest Funded Ratio Drop Since Great Recession
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Two Bad Quarters Do Not a Recession Make?
Economic savants spell out why not to get excited by the back-to-back negative numbers.
North Dakota RIO Taps Chad Roberts as Deputy Executive Director
Agency names replacement for Jan Murtha after nearly eight-month search.
Inflows Boost Liquid Alts in a Troubled 2022
After lagging during the stock bull market, the asset class now scores decent returns, says Morningstar.