Breaking News: Kentucky Retirement Systems Names Steven Herbert New CIO
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
News
Rebound for AUMs among Top 10 Hedge Fund Trends
Consultants Agecroft Partners say that a turnaround in overall hedgie results is bringing a brighter picture.
Strong Investment Gains Fail to Boost US Corporate Pensions in 2020
Despite returns of nearly 13%, US corporate plans’ funded level remained flat for the year, thanks to falling rates, Willis says.
UBS: Where to Invest as the Dollar Keeps Weakening in 2021
Some asset classes stand to do very well, the bank finds, with no end in sight to the buck’s free-fall.
PBGC Approves Merger to Aid Struggling Multiemployer Plan
The settlement is intended to help protect 50,000 Giant, Safeway employees and retirees in the Washington, D.C., area.
The Rebound Play: Brazilian Asset Manager Vinci to Go Public in the US
The firm, whose current investors include LACERA and the Rhode Island pension plan, believes the economically stricken South American nation is prepared for a turnaround.
Bitcoin About to See an ‘Avalanche of Institutional Investors,’ Says Scaramucci
The former White House communications director’s hedge fund launched a Bitcoin fund.
CPPIB Loses $113 Million Days After Buying SolarWinds Stake, Following Hack
Canadian pension giant, authorities likely to look into whether firm had been aware of cybersecurity risks.
Jewelry Wholesaler Charged with Defrauding Retired Police, Firefighters
Gregory Altieri, who pleaded guilty to running $200 million Ponzi scheme, faces up to 20 years in prison.
CalPERS Not Ready to Pick CIO
Several finalists have been interviewed for the top spot, but an expected January decision has been delayed.
Oil Appears Ready to Break Out of Its Price Rut
Opportunity awaits for investors while crude is stuck in ‘virus alley,’ say strategists.
State Treasurers File Shareholder Action over Alleged Gilead Price Gouging
Pennsylvania, Rhode Island call for independent chair at biotech firm after it reportedly priced remdesivir at more than 500 times the cost.
CPPIB Invests $200 Million into Indonesia Logistics Joint Venture
Two partnerships with logistics real estate firm LOGOS will bring up to $1 billion of warehouses in the greater Jakarta area.
Economic Recovery Backslides Due to COVID Resurgence
‘The economy goes as the virus transmission goes,’ says S&P Global Ratings.
