Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
News
Can Marijuana Help Solve Kentucky’s Pension Woes?
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.
For Strength in Unification, Canadian Leader Calls for Regional Pensions to Pool Investments
Manitoba Premier Brian Pallister challenges the province’s pension plans to ‘shop together.’
Share Buybacks to Slide 15% in 2019 and 5% Next Year, Says Goldman
Earnings dip, high corporate debt, and gloomy CEOs are to blame, the firm believes.
Kentucky Makes Changes to Free Pension from Funding ‘Death Spiral’
Proposed liability-based model would protect employers from contribution rate increases.
Tales from the Crypt: Investors Suspect Cryptocurrency Firm Founder Faked His Death
Lawyers want body exhumed, $61 million liquidated before death can’t be accounted for.
Police Pension Fund Sues Goldman Sachs for 1MDB Records
Sergeants Benevolent Association calls Malaysian scandal ‘worst-ever fleecing of a sovereign wealth fund.’
Miami Pension Files Lawsuit Against Carl Icahn over Insider Trading Allegations
The Miami Firefighter Relief and Pension Fund alleges Icahn purchased shares of HP, knowing that Xerox would offer to purchase them later at a premium.
University of British Columbia to Divest C$380 Million from Fossil Fuels
President declares climate emergency, but activists say it isn’t enough.
With Andrew Sawyer Gone, MainePERS Launches CIO Search for $15 Billion Fund
The CIO departed the fund in November after a 12-year run.
France’s Chief Pension Reform Official Resigns Amid Protests
High Commissioner for Pensions Jean-Paul Delevoye resigns after failing to publicly disclose other positions he held, which potentially lead to conflicts of interest.
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Finnish Pension Launches Sustainable ETF with $556 Million
Fund will exclude tobacco, fossil fuel, and weapons investments.
It’s the 5th Trade Deal Announcement: What if This One Falls Apart, Too?
The latest breakthrough is laden with ‘ambiguity’ and ‘fragile,’ says the Center for Strategic and International Studies’ China expert.
SEC Charges CEO with Fraudulent Initial Coin Offering
Tech firm allegedly raked in $42 million by defrauding hundreds of investors.