GDP Growth Will Limp Along for the Next 10 Years, Says Moody’s Economist
In the most far-reaching pessimistic forecast yet, John Lonski blames productivity stagnation.
News
Op-Ed: Building a More Diverse Next Gen: Proprietary Sourcing Extends Beyond Deal Flow
Firms must develop diverse leaders for the future, writes CIO Leslie Lenzo and her team at Advocate Aurora Health in response to Tony Waskiewicz's call to action.
Pension Fund Sues Facebook Over Timing of Stock Buybacks
Lawsuit questions whether buybacks were designed to boost stock sales by Mark Zuckerberg and other insiders.
Board Member Sues CalPERS over Alleged Retaliation
Margaret Brown claims she was wrongly punished ‘to silence one of the only watchdogs on the CalPERS board’ and seeks to dispute discipline.
Former Wilshire President Joins Rhode Island Treasury as CIO
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Worse Than You Think: We’re in a Depression, Says UCLA Economist
The virus has so disrupted the US economy that recovery is a long way off, David Shulman contends.
Nonprofit Hospitals’ Pension Funded Status Could Weaken After COVID Relief
The CARES Act has given many health care pension funds short-term relief, but that could result in lower funded ratios, says S&P.
SEC Halts Brothers’ Alleged Cryptocurrency Offering Fraud
Sean and Shane Hvizdzak are accused of pocketing $26 million of investors’ funds.
DOL Proposal Will Chill ESG Corporate Pension Investing, Advocates Say
The proposed federal rule takes a dim view of sustainable investing that’s not focused solely on returns.
Firefighters Union Head Accused of Pension Mismanagement
Internal audit alleges that International Association of Fire Fighters President Harold Schaitberger misreported millions of dollars in union funds.
Ed Yardeni Slams the Fed for Setting Up a Market Slide
The central bank has jazzed up investors so much that a nasty fall will result, the economist warns.
Pandemic Spurs Investor Interest in Social Bonds
The sustainable finance instrument has become an unlikely tool in the economic fight against COVID-19.
Black-Owned Asset Manager Sues NJ Pension Fund, BlackRock for Racial Bias
State officials purportedly admitted the agency had ‘an aversion’ to minority-owned firms, the lawsuit says.
Pennsylvania Fund Debates How Best to Invest in Today’s Environment
Low stock valuations and bond yields leave PSERS questioning next moves.
Conducting Due Diligence During a Pandemic
Mercer-Backstop alliance allows asset allocators to kick the tires on investments remotely.