This Rally Will Last a Long Time, Invesco Predicts
The economy and the stock market should be able to overcome the virus, say the firm’s strategists.
News
New York Pension Plan Names Navyug Patel Deputy Investment Chief
He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Maryland State Pension Returns 3.6% in FY 2020
Fund beats its benchmark to raise its asset value to $54.8 billion.
The Market’s Reaction to a Delayed Vote Conclusion? Not Good, Says UBS
The 2000 ballot-count mess teaches that stocks will slump and volatility will rise. But there’s a bright side.
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Norway’s Sovereign Wealth Fund Loses $21 Billion in First Half
The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.
Kentucky Retirement Systems Returns 1.2% for Fiscal 2020
State pension plans collectively beat their benchmarks, but fall far short of their peers.
California Opens Investigation into Former CalPERS CIO Meng
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Oregon Supreme Court Upholds Pension Benefit Cuts
Unanimous ruling finds that an employer is not prevented from changing the terms of future work.
High Court Orders Firms to Pay £10.7 Million for Inducing Pension Transfers
Three directors found guilty of making false or misleading statements.
Gold-Hater Buffett Joins Rush into Precious Metal
An odd choice for the inveterate value investor, who just bought a hot stock in a miner of the glittering substance.
Pension Debt Expected to Surge Due to COVID-19 Volatility
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Canada Pension Plan Returns 5.6% in First Quarter
Strong investment gains raise total asset value to C$434.4 billion.
PFA Asset Management CEO Steps Down Less Than a Year after Taking Over
Irene Holmslykke has been named as the new CEO of the Danish asset manager.