Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
News
NY State Pension Fund Scrutinizes Shale Oil, Gas Companies
The fund will evaluate 42 firms that it says are ill prepared for a transition to a low-carbon environment, including ConocoPhillips, Hess, and Marathon Oil.
Investment Management Corp. of Ontario Taps Rossitsa Stoyanova as CIO
The current head of portfolio design and construction at CPPIB will oversee nearly $60 billion in assets.
Connecticut Seeks Volunteers for Pilot Retirement Program
The retirement authority is offering companies a chance to help design a state-run plan called MyCTSavings
Actuarial Assumptions Do Not Affect Actual DB Costs
‘Experience studies’ and certain types of modeling will help plan sponsors find a better balance between assumptions and experience to avoid future cost surprises.
Domestic Equities Weigh Down Japan’s Pension Giant
GPIF’s $1.7 trillion portfolio cools off to start fiscal 2021 after a historic 2020.
Goldman: Dollar Rally Will Fizzle
The greenback has advanced almost 4% since May, buts headwinds await, the firm warns.
Little-Known RhumbLine Advisers in Line for $1 Billion PRIM Allocation
An overallotment for State Street becomes a windfall for the female- and minority-owned firm.
Bill Seeks to Close Private Equity Compensation ‘Loophole’
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.
Kentucky Pension Fund Reports Record 25% Return for Fiscal 2021
The strong showing lifts long-term return rates above assumed rates for the first time in a decade.
Ceres Launches Program to Help Food Sector Reach Paris Agreement Goals
The group says the global food system accounts for one-third of the world’s emissions, and it wants institutional investors’ help to engage the highest polluters.
Giant Tech Stocks Primed for Another Slide, Says Sage
Last Friday's strong jobs report signals the rise of lesser lights in the market, Leuthold’s Jim Paulsen predicts.
Is an Equal-Weighted Stock Index Better Than a Tech-Heavy One?
Nope, says Northern Trust’s asset management unit. But they both have big drawbacks.
Connecticut Pension Fund Poaches LACERA’s Ted Wright to be New CIO
He replaces Laurie Martin as head of the $40 billion Connecticut Retirement Plans and Trust Funds.
Stocks Usually Stink in August, but Bonds…
Fixed income benefits from equities’ worst month, LPL says.