DC Retirement Board Responds to Federal Investigation, Whistleblower Lawsuit
The $11.4 billion pension is being sued by its general counsel, who alleges the board retaliated against her for cooperating with a subpoena.
News
PSERS Internal Investigation Into Miscalculated Returns Released
Critical pieces of information still remain missing.
Why a Down January May Not Be a Bad 2022 Portent After All
Recent poor-performing first months haven’t led to rotten results for the rest of the year, with only one exception, LPL says.
SEC Awards More Than $40 Million to Whistleblowers
The regulator handed out some $37 million to two joint tipsters
Stock Market’s Lousy January Gets Year Off to a Blah Start
S&P 500 has its worst returns since ill-starred March 2020.
Endowment Index Rises 14.59% in 2021
Oil and gas commodities led all asset classes with a 75.59% gain, while gold lost nearly 4%.
Michigan Pension Tax Likely to Be Removed
Currently, there are only 12 states that do not tax retirement income. Michigan might become the 13th.
CalSTRS Increases Co-Investments and Private Equity Allotments
Co-investments are an increasingly attractive way for investors to avoid private equity fees.
The Case Against a Bear Market, Per Ned Davis
Stocks have had a rotten start this year, but they won’t get too much worse, the research firm says.
Milliman Faces ERISA Lawsuit Over Alleged Breach of Fiduciary Duty
The plaintiffs claim the firm’s 401(k) lost as much as $85 million due to imprudent investment decisions.
Looks Like Politicians Will Extend Illinois’ Pension Buyout Program
The program has reduced the state pension’s unfunded liability by $325 million so far.
PBGC Approves $100.5 Million Bailout of New Jersey Pension Plan
Teamsters Local 408 is the 5th plan to be approved under the American Rescue Plan Act’s Special Financial Assistance program.
El-Erian: Fed’s Powell Is Keeping Investors in the Dark
The chair of the central bank missed his chance to clarify its tightening plans, an economist laments.
GDP Scores Nice Boost, Defying the Many Pessimists
The market pops up in early trading, on news of 6.9% 4Q growth.
Private Equity Has Been the Can’t-Miss Investment
The results are stunning, but some challenges confront the popular alt.