North Dakota State Investment Board Names Scott Anderson CIO
He replaces David Hunter, who left the retirement system to join a private investment firm.
News
What If Earnings Season Turns Out to Be a Bust?
Ned Davis thinks profit growth will come in way south of what the market expects.
CalPERS’ Project to Measure ESG in Private Equity Has 100 Organizations, $8 Trillion Participating
Environmental, social, and governance investing is notoriously difficult to measure in a private equity context.
ESG Activist Larry Fink Takes Heat From Right and Left
The BlackRock CEO is either too radical or too namby-pamby, critics say.
Supreme Court Declines to Hear Delphi Pension Termination Case
The lack of action by the high court ends more than 12 years of litigation after the General Motors unit’s pension plan was terminated.
Inflation’s Progeny: Another Rotten Day on Wall Street
Stock and bond prices slump, with the 10-year Treasury yield rising to 1.85%.
Forget US Stocks and Head Overseas, BCA Says
American equities are too costly, and there are better, cheaper prospects elsewhere, per the research outfit.
Despite Record Returns, Kentucky’s Pensions Remain Severely Underfunded
Even after investment gains of 25%, funding levels for the state’s public pensions range from only 16.8% to 60.4%.
Jeremy Siegel: What to Buy to Be Insulated From Inflation
Hint: Not TIPS, which the Wharton prof terms ineffectual.
Pacific Life Fined for Unlicensed Pension Risk Transfers in New York
The insurance firm will pay a $3 million fine for unauthorized PRT business conducted in the state.
UK Pension Ownership of British Firms Plummets
The proportion of public shares held by UK pensions has fallen to 4% from one-third since 1990.
Inflation Soars, but Market Shrugs
Time was that high price gains slammed stocks. Why not now? The ‘transitory’ narrative lives.
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
What Will Be the Best Future Tech Plays? Not the Big Five
UBS’s Haefele says tomorrow belongs to up-and-coming AI, big data, and cybersecurity outfits.
NC Treasurer Supports Proposed 2% Pension Supplement
Dale Folwell says the boost for retirees would be paid for by investment gains, not taxes.