SEC Charges Texas CEO with Swindling First Responders
Many of the alleged victims scammed out of retirement funds were former San Antonio police officers.
News
New York Comptroller and Colorado Pension Fund Named Lead Plaintiffs in Boeing Suit
The two collectively hold around $200 million in shares in Boeing, which they charge with ignoring safety issues around the 737 MAX for years.
Public Funds Lead Institutional Investment Rebound
Funds with significant exposure to equities outperformed during the second quarter.
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
John Powers, Former CEO of Stanford Management Company, Dies at 67
He helped grow the university’s endowment by nearly $10 billion over nine years.
Liking Gold’s Ascent? Just Wait for the Plunge, Study Warns
Duke’s Campbell Harvey charts the wacky ups and downs of the precious metal.
Corporate Pension Plans’ Funded Status Dips for First Time Since April
A surge in liabilities from low discount rates dropped aggregate ratios 1.3 percentage points to 79.9%, Wilshire says.
How David Einhorn Is Betting on Higher Inflation
Hedge fund chief thinks a small amount of inflation is coming, so he goes for TIPS derivatives, among other plays.
Institutional Plans Report Best Quarter in over 33 Years
Large plans underperformed small plans, likely due to significant exposure to alternative investments.
CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund
Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.
Netherlands, Denmark, Australia Rated World’s Top Pension Systems
Thailand, Argentina, and Turkey were ranked as having the worst pension systems in the world by Visual Capitalist.
Study: Endowments Have Underperformed Passive Portfolios for 58 Years
New research finds a 60/40 passive benchmark has outperformed the average endowment over nearly six decades.
Church Commissioners Appoints Bess Joffe Head of Responsible Investment
She will replace Edward Mason, who left earlier this year.
Alaska Permanent Fund Returns 2% in Fiscal 2020
The sovereign wealth fund beat a passive index benchmark, but missed its return target.
Long-Range Investing, a Decline in Births, and a Fertility Rate that’s Scared of COVID-19
What to consider with COVID-19 accelerating an already steady baby bust.