How Low Can You Go? Strategists Compete for Lowest 2022 GDP Growth
At the head of the pessimistic pack is Natixis’ Lavorgna, with a scant 2% projection.
News
Detroit Pension No Longer Suing Dan Gilbert
The fund had accused the businessman of insider trading.
Breaking News: Penn SERS Names Joseph Torta Executive Director
The top two positions at the $39 billion pension fund have turned over in less than half a year.
Yay, Jobless Claims Take Big Dip, but the Market Is Unimpressed
S&P 500 drops amid concerns over the new variant, overshadowing the biggest unemployment filings drop since 1969.
Lincoln Financial Promotes Jayson Bronchetti to CIO
Chris Neczypor has also been named to the newly created position of chief strategy officer.
CalPERS Seeks Private Equity Investment Director
The pension giant is looking for candidates to oversee its co-investment program.
Ontario Pension Fund Pledges Net-Zero Emissions by 2050
The $89 billion OMERS will follow the advice of the Task Force on Climate-related Financial Disclosures.
Cryptocurrency Trader ‘Coin Signals’ Pleads Guilty to Commodities Fraud
Jeremy Spence, whose trades consistently tanked, lured investors with tales of 148% returns.
REST Could Be First Australian Pension Fund to Invest in Crypto
CIO Andrew Lill said digital assets are a ‘very interesting and important part of our portfolio going into the future.’
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Fidelity, State Street Offer Retirement Plans With Income Streams
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
US Pension Buyout Sales More Than Triple in Q3 to $15.8 Billion
The pension risk transfer market is poised for a record-breaking year in 2021.
Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Institutional Investors Launch ‘ESG Book’ to Standardize Sustainable Data
Their goal is to make sustainability data more widely available and comparable.
DOL Restores More Than $2.4 Billion to Plans, Plan Participants
Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.