CIO Innovation Awards: Deadline for Nominations August 21
Nominate the best asset owners, consultants and managers for this year’s awards.
News
NY State Pension Returns 9.5% in FY 2022, While NYC Pensions Lose 8.65%
New York State Common Retirement Fund benefits from having a fiscal year that ended before the second-quarter market slump.
Governor Moves to Bar Florida SBA From ESG Investing
Although the state's funds are hardly a hotbed of climate activism, DeSantis joins other GOP pols in opposing ‘woke capital.’
WTW Index Shows Mostly Positive Second Quarter for Global Pension Funds
U.S. pension funds’ relatively high domestic equity allocations made the funds more vulnerable to the market downturn than other countries and regions.
Finally, Some Good Crypto News: BlackRock Forges Pact With Coinbase
The exchange, suffering like the digital currency it trades, gains access to the asset management giant’s institutional clients.
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.
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.