Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
News
UK’s Largest Pension Fund Loses 1.7% in Fiscal 2020 But Beats Benchmark
Universities Superannuation Scheme reports 6.19% five-year return.
Giddy Market Focuses Only on the Fed Statement’s Good Half
The rest of the announcement, spotlighting the virus’ seemingly dauntless chokehold on the economy, gets ignored.
Majority of REITs Will Experience Water Scarcity by 2030, BlackRock Says
Properties built in the Southwest, as well as abroad in places such as Australia, Hong Kong, and Malaysia, will have to compete more for water resources in the next decade, report finds.
Fitch Says GDP Impact from COVID-19 Will Last until Mid-2020s—If We’re Lucky
Report bases economic outlook downgrade on no renewed lockdowns.
The Dollar Is in Peril of Getting Knocked Off Its Perch, Goldman Warns
Tumbling value for the greenback could end its status as the world’s reserve currency, the firm’s analysts say.
GOP Senators Introduce Bill Allowing DC Catch-Up Contributions
AMORE Act is intended for those who couldn’t afford to make contributions because of COVID-19.
Grim Outlook for Singapore Sovereign Wealth Fund after Poor Returns
GIC will continue to diversify with defensive strategies, including investing in rental and manufactured housing, data centers.
San Diego Magnate Masterminded $400 Million Liquor License Scam
Gina Champion-Cain pleads guilty to the largest Ponzi scheme ever uncovered in Southern District of California.
Maryland State Pension Receives $405,000 in LIBOR Restitution from UBS
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
Rhode Island Pension Returns 3.8% in 2020 to Hit Record-High Asset Value
‘Crisis Protection Class’ defensive strategy helps portfolio double benchmark’s return.
Canadian DB Pensions, Pooled Funds Rebound Sharply in Q2
Equities rally helps spur strong quarterly gains.
A 60-40 Portfolio Is Still the Bomb, Says Vanguard
Some have questioned the conventional asset split, but its performance during this messy year shows its worth, the firm declares.
Research Calls Lack of Diversity Atop Financial Regulators a ‘Bipartisan Failure’
There has never been an African American chair of the SEC, CFTC, or FDIC.
Arkansas Teachers Pension Sues Allianz Global Investors over $774 Million Loss
Firm is accused of abandoning strategy intended to protect against market downturns during COVID-19 crash.