CalPERS Reports Preliminary Return of 21.3% for 2020-21
The strong performance triggers a reduction in the assumed rate of return to 6.8%.
News
PBGC Issues Interim Final Rule on Multiemployer Bailout Plan
The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.
TJ Carlson Hired as Missouri State Employees’ Retirement System’s New CIO
He will replace Shannon Davidson, who will retire in November after 25 years at MOSERS.
Is the 10-Year Yield Telling Us About Inflation or the Economy? Neither, Says Well Fargo
The big dip may be forecasting exactly nothing, because other factors are making it drop, the bank argues.
Pension Funds Should Report Performance on a Monthly Basis, Markov Says
An analysis of portfolios using a returns-based lens would help some funds improve transparency, the investment researcher advises.
SEC, DOJ Charge Hedge Fund Trader in Alleged Front-Running Scheme
Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.
Market Killjoys: BlackRock, Goldman, RBC, Morgan Stanley
They all see a halt to the strong stock rally—anyway the third quarter is usually the worst.
401(k) Plans Need a Plan When Incorporating ESG Investing
DCIIA offers ‘tactical steps’ for integrating sustainable investing into defined contribution plans.
CPPIB, Greystar to Form Joint Venture in US Life Sciences Development
The two investors are starting with an office and lab development project in Somerville, Massachusetts.
Drama Aside, Meme Stocks Are Having a Good Year So Far
Retail investors holding on to social media darlings have helped some business gain a new lease on life. But many worry that the good times won’t last.
Norway’s Largest Pension Firm Divests from 16 West Bank-Linked Firms
KLP says the companies pose an ‘unacceptable risk’ over alleged human rights violations.
Japan’s GPIF Finds Portfolio Firms Proactive on ESG Disclosure
A report from the pension giant reveals a ‘virtuous cycle’ of providing non-financial information.
Supreme Court to Hear ERISA Excessive Fee Case
The lawsuit seeks to define what ‘care, skill, prudence, and diligence’ really mean for fiduciaries.
AustralianSuper, LUCRF Super Plan to Form $173.8 Billion Investor
The merger would consolidate the country’s first and largest superannuation funds.
Penn SERS Returns 11.1% in 2020
Investment performance for the $35 billion pension fund fell short of its benchmark and a sample 60/40 fund.