UK Parliament Launches Pension Industry Climate Inquiry
A committee seeks to examine government’s pension stewardship ahead of COP26 climate conference.
News
David Swensen, Yale’s Iconic Endowment Chief, Dies at 67
He pioneered the push into alternative assets, now popular among institutional investors.
Sell in May? Well, Maybe Rebalance, Say Two Market Sages
The fact remains that stocks historically don’t do much from now till October.
Russell Investments Changes Up Leadership Structure
Alums from Goldman Sachs and Morgan Stanley will take over positions as global chief investment officer and president.
Ohio Retired Teachers Association Sues Ohio STRS for Transparency
The group says the $80 billion pension fund refuses to turn over public documents it needs to conduct an audit.
NYC Council Passes IRA Auto-Enrollment Bills
The legislation would establish a mandatory retirement savings program and a board to oversee it.
Will Biden Tax Hikes Torpedo Venture Funding?
Nope, says VC icon Patricof, although fellow startup capital ace Tim Draper disagrees.
CPPIB to Invest in French Real Estate Credit
The Canadian allocator has placed a $222.5 million bet on commercial real estate properties.
Utah Endowment Considers Realignment Toward Sustainability
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
FBI Arrests Alleged Operator of Longest-Running Bitcoin Laundering Service
Authorities say Roman Sterlingov ran Bitcoin Fog on the darknet, which laundered an estimated $336 million.
Court Dismisses ERISA Lawsuit Against Edison International ESOP
Appellate court rules the plaintiff failed to meet the standard set in a 2014 Fifth Third lawsuit.
Denmark’s ATP Loses $200 Million from Bond Exposure
The pension giant’s misstep came from increased sensitivity to interest rates.
Op-Ed: Where Buffett and Dalio Are Wrong on Bonds
Mark Holman, CEO and portfolio manager of TwentyFour Asset Management, argues that the two famed investors are ignoring compelling opportunities in the fixed income markets.
Surging Stocks Improve Pension Funding Levels, But De-Risking Isn’t at Risk
A hot equities market, plus some accounting help from interest rates, aided the plans.
SECURE Act Could Help Provide Retirement Income in 401(k) Plans
Report says retirement income will become the standard in defined contribution plans.