Roller Coaster Markets Don’t Dampen Investor Optimism
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
News
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.
Pandemic Spurs Growth in Health Care Technology Venture Capital Deals
2020 on pace for record year as health-tech deals rise 76% to $8.2 billion during first quarter.
SEC Swats Away COVID-19 Scammers
Pandemic keeps regulator busy protecting investors from flood of fraudulent claims.
The Dollar Will Keep Falling, UBS Predicts
Falling rates, political tensions, and less virus fear are the reasons, the Swiss bank’s CIO says.
Unease Remains Around Incoming Chief at Norges Bank
The supervisory board at the sovereign wealth fund told the national parliament that further control measures are needed to prevent conflicts of interest.
Fortunes Diverge for Public, Corporate Pensions
Public pension funding rises, while corporate pension funding falls for second month in a row.
At Least Boeing’s Stock Isn’t in Its Pension Plan Anymore
Controversial 2017 contribution of $3.5 billion in company shares to the retirement program apparently was divested, long before the current share-tanking mess.
Pennsylvania SERS Loses 11.69% in Q1
Tumbling equity markets helped weigh down retirement system’s returns.
MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services
The life insurance company apparently no longer considers the DC plans integral to its business.
Hey, Washington, Buy Gold to Support Dollar, Guggenheim CIO Says
Scott Minerd calls on Fed to increase its holdings of the metal—which, unlike the dollar, is rising in value.
Harvard Says It’s Not Planning Layoffs, But Offers Early Retirement Packages
Other cost-saving proposals at endowment champ: voluntarily reduce vacation time or work hours.
Florida Pension Sues Grand Canyon Education
Class action lawsuit alleges company artificially inflated stock price.
Druckenmiller Owned 5 Hot Stocks, but Only Gained 3% in the Rally? Huh?
Half his portfolio was in the likes of high-flying Amazon, but he came nowhere near the S&P 500’s 40% March-June rebound. Was caution-minded hedging to blame?
Calvert Will Score Companies on ESG to Add to Its Funds
To make the grade for its separate accounts, companies must be in the top third for at least one sustainability metric.