GCM Grosvenor Merges with SPAC to Go Public
Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs.
News
Princeton Settles Lawsuit over ‘Excessive’ Retirement Plan Fees
University agrees to pay $5.8 million and not raise plan fees for three years.
UK Pension NEST Aims for Net-Zero Carbon by 2050
New climate change policy expected to halve portfolio’s carbon emissions within 10 years.
A Bad Sign? Lots of Corporate Insiders Are Selling Shares
This indicator has presaged two previous peaks, although its long-term record as a predicter is mixed.
Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’
Pension Rights Center says the policy contradicts recent Supreme Court ruling and DOL guidance.
Canadian United Nations Ambassador Chosen to Head CDPQ Global
Lawyer and diplomat Marc-André Blanchard will oversee the fund’s international efforts in the United States, Europe, and Asia.
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Maybe, Just Maybe, the Virus Woes Have Peaked
Commonwealth’s McMillan sees encouraging pandemic data, and thinks the recovery can continue.
Feuding New Mexico PERA Trustees to Create Oversight Committee
The new panel will seek to bring order to a board riven by accusations and walkouts among members in a ‘toxic’ work environment.
Pennsylvania SERS Cuts Investment Return Rate Assumption to 7%
Pension board also approves reduction in assumed rate of inflation to 2.5%.
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.