San Diego’s Pension Payments Will Decrease by Over $30 Million
The city’s plan is on track to achieve full funded status by 2033.
News
Stocks Keep Slipping as Fed Eyes Faster Tightening
As Powell addresses a Senate panel, Wall Street forecasts even more rate hikes for 2022.
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
The Fed Isn’t Planning to Lift Rates High Enough, Says Summers
The central bank seems too timid to really dampen today’s high inflation, the former Treasury secretary warns.
Ride-Hailing Apps Drove Him to Crime, Says SEC
A taxi medallion investor hurt by the success of Uber and Lyft allegedly committed fraud to boost his stock.
New Hampshire Retirement System Director of Investments Announces Retirement
Larry Johansen has served at the fund in the role for over 12 years.
What Public Pensions Can Learn From Puerto Rico’s Bankruptcy Crisis
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
You Thought 2021 Was a Big VC Year? Ha!
A huge number of venture capital-backed companies are poised to go public in 2022, says PitchBook.
New York Demands Political Disclosure From Twitter, Six Other Companies
Comptroller Thomas DiNapoli has filed seven shareholder proposals to force firms to reveal political spending.
Iowa State Employees’ Pension Names New CIO
Sriram Lakshminarayanan replaces Karl Koch as the head of Iowa PERS’ $43.3 billion portfolio.
Uh-Oh, Consumers’ Confidence Fades, So Their Spending Should, Too, Economist Says
Natixis’ Lavorgna says people’s current high outlays can’t stay that way for long.
Former CEO Gets Over 11 Years for ‘Massive’ Market Manipulation
AJ Discala was convicted of orchestrating pump and dump schemes through two reverse mergers.
Junk Bonds Will Return as Much as Stocks in 2022, Says Northern Trust
Outpaced last year, high yield is in solid shape at a time when stocks may come back to earth, the firm argues.
Savant Bob Doll’s 10 Predictions for 2022
The Crossmark CIO sees a more challenging year ahead, and reviews his hits and misses from 2021.
US Corporate Pensions’ Funded Status Surges in 2021
Increasing funding levels are expected to spur another big year for pension risk transfers.