Some of the UK’s Largest Asset Managers Back Diversity Initiative
Asset Owner Diversity Charter signatories represent $1.3 trillion in assets under management.
News
Exclusive: Hartford HealthCare Posts a Healthy 33.5% Gain Despite Industry Pains
Investment Committee Chair David Roth gives high praise to CIO David Holmgren for the return.
What Is the 10-Year Treasury’s Falling Yield Telling Us?
Not that a slowing economy is ahead, says BCA Research. The answer, it thinks, is ‘more subtle.’
S&P: Single-Employer Pensions Can Strain Illinois City Budgets
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
Texas ERS Hacker Gets 8 Years in Prison
Olumide Morakinyo created unauthorized accounts for participants who hadn’t set them up.
Teamsters’ Pension Lawsuit Could Thwart Vaccine Mandates
The union says its pension fund’s mandatory vaccine policy violates collective bargaining agreements.
St. Louis Pension Trustee Removed for Online Posts, Fraud Accusations
Former police sergeant made claims in Facebook posts that COVID-19 didn’t cause disabilities.
CalPERS Won’t Hire a New CIO Until Next Year
The pension fund’s prior CIO, Ben Meng, resigned last August, but still no replacement is in sight. A new search, after the first one failed, is only just beginning.
Doris Duke Charitable Foundation CIO Jeffrey Heil to Retire
Deputy CIO Leena Bhutta will take over for Heil on Jan. 1, 2022.
Taper Timing: Will the Fed Move … in September? December? Next Year?
Wall Street tries to divine when the central bank will start winding down its bond buying.
New Jersey Pension Fund Gambles on Bitcoin Miners
Riot Blockchain and Marathon Digital investments could be a sign of crypto acceptance—and desperation.
Massachusetts COVID-19 Pension Bonus Bill a Boondoggle, Groups Warn
Opponents say the bill, which has no cost analysis, is too broad and would cost billions.
Some Institutions Call Crypto Rat Poison, but Others Are Buying the Currency
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Senate Bill Targets Women’s Retirement Savings Inequities
The Women’s Retirement Protect Act aims to close the gender gap by amending ERISA.