World’s Largest 300 Pension Funds’ AUM Surge 11.5% in 2020
The sovereign wealth funds of Japan and Norway remain the two biggest in the world.
News
Former HeadSpin CEO Arrested in Alleged $80 Million Fraud
Manish Lachwani is accused of grossly overstating sales figures when courting investors.
Here’s Morgan Stanley’s Method of Girding for a Rocky Market
The firm’s Mike Wilson urges the use of a ‘barbell strategy’ to cushion the blow from a downturn—or higher rates.
TAE Technologies Hires William Coaker as First CIO
Kurt Braitberg has been tapped as his successor at the $34 billion San Francisco Employees’ Retirement System.
US House Eyes Improving Small Employer Retirement Plans
Capitol Hill is haggling over the budget, aiming to expand small-business programs and create more opportunities for protected lifetime income solutions.
Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
Chairman of Dutch Asset Manager MN Steps Down
Chief Financial and Risk Officer Fleur Rieter has been named interim chair.
Maybe the Drought Won’t Be That Bad for Ag Commodities
Big harvests outside the drought-stricken West may make up for a lot of the crop shortfalls, says Wells Fargo.
SEC Settles With Eight Firms Over Inadequate Cybersecurity Measures
The regulator alleges a lack of safeguards exposed the personal information of thousands of clients.
Why Is OCERS Looking at Dumping Ray Dalio’s Prized Hedge Fund?
The California county pension program says his Bridgewater Pure Alpha has been dogging it since 2015.
University of California Reports Biggest One-Year Gain in History
The portfolios returned 28.9%, or $38 billion, in 2021 to raise their total asset value to $168 billion.
Job Posts Suggest Franklin Templeton Is Ramping Up Crypto Investing
The asset manager, which has over $1.55 trillion in AUM, is looking to hire a cryptocurrency trader and cryptocurrency analyst.
4 Scenarios for the Fed’s Tapering: From Benign to Horrible
What should the pace of reductions be? The slower, the better, says research sage Jim Woods.
No Plan Safe From ERISA Lawsuits, Chamber of Commerce Warns
The lobbying group also says a surge in litigation could have ‘significant negative consequences for plan participants.’
Investors Paid Lowest Fund Fees Ever in 2020, Study Finds
Morningstar research also says fees are ‘a reliable predictor of future returns.’