Massachusetts COVID-19 Pension Bonus Bill a Boondoggle, Groups Warn
Opponents say the bill, which has no cost analysis, is too broad and would cost billions.
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Some Institutions Call Crypto Rat Poison, but Others Are Buying the Currency
Bitcoin bolster: Asset allocators seem to be fueling digital money’s recovery from its recent crash.
Penn SERS Board Names James Nolan Permanent CIO
He replaces Seth Kelly, who resigned last month after less than a year at the post.
Senate Bill Targets Women’s Retirement Savings Inequities
The Women’s Retirement Protect Act aims to close the gender gap by amending ERISA.
Why Private Equity Is Building an Arsenal of Giant New Funds
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Wells Fargo A.M. Taps Joseph Sullivan for CEO Amid Rebranding
Nico Marais to step down, as former Legg Mason chief leads rechristened Allspring Global Investments.
Sweden’s AP1 Returns 11% in First Half of 2021
The $50 billion pension fund was aided by a strong Stockholm Stock Exchange.
CalSTRS Earns Record Annual Return of 27.2%
Private and public equity gains of 51.9% and 41.8% boosted the fund’s asset value to $308.6 billion.
Scuttled! Antitrust Concerns Foil Aon-Willis Merger
Despite winning regulatory approval of the combination from the European Commission, the firms have reached an impasse with the US Department of Justice, says Aon CEO Greg Case.
Why Morgan Stanley Thinks These Stocks Are the Bomb
The Wall Street house gives its semi-annual picks on what can do well in any economy.
AustralianSuper CEO Ian Silk to Step Down
Chief Risk Officer Paul Schroder has been tapped as Silk’s successor
Private Equity Sees Record-Breaking Dealmaking in First Half of 2021
With $580 billion in new deals already, EY says the industry is on pace for its first trillion-dollar year.
Jerome Powell Won’t Get a 2nd Term as Fed Head, Says JPM Economist
The Democrats’ left wing will want a kindred spirit, rather than the GOP-appointed incumbent, Michael Feroli thinks.
CIO Summer Hiring Continues to Sizzle
Sammons Financial, Aspen Insurance, and Insigneo are the latest firms to appoint new CIOs.
Investment Firm CEO Gets 5 Years in Prison for Securities Fraud
L-R Managers co-founder Donald LaGuardia has also been ordered to pay $6.6 million in fines and restitution.