CPPIB Returns 3.1% in Fiscal 2020
Market downturn dampened strong first three quarters of the year for Canadian pension plan.
News
An Optimistic Jamie Dimon Sees a 3rd Quarter Recovery
JPM chief points to massive Washington relief efforts as the economy’s savior.
New Jersey to Postpone Pension Payments
A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.
University of California Now Fossil Fuel Free, Cornell Votes to Halt Carbon Investments
Downturn in traditional energy sector helps spur universities’ shift to clean energy projects.
MUFG Forecasts Expansion of Private Markets Activity Post-Pandemic
A further consolidation of private funds, big opportunities in distressed debt, and flexibility in opportunity sets are in the cards for private markets investors.
Georgetown University Student Demands Tuition Refund for COVID Losses
The school has reaped ‘millions of dollars’ in tuition fees after switching to online classes, despite boasting a $1.8 billion endowment, suit says.
Florida Pension Fund Sues Ryder System for Securities Fraud
Lawsuit alleges the transport company’s executives overstated the residual value of its fleet.
SEC Recommends Creating Disclosure Framework for ESG Investments
Investment committee finds current ratings to be too confusing for investors and aims to create a firmer standard for reporting ESG metrics.
Credit Raters Get Slammed Once Again as Too Lenient
S&P and Moody’s take it heavy in an SEC hearing. A run-up to a replay of their 2008-09 vilification?
Treasury OKs Benefits Cuts for Ohio, NY Union Pensions
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Rhode Island Pension Plan Holds Down Losses Thanks to Treasuries, Algorithms
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Ex-State Street Exec Loses Fraud Appeal
Ross McLellan was convicted in 2018 of plugging hidden commissions into trades.
Enjoying the Post-Bear Rally? A Correction Is Overdue, LPL Strategist Says
The bounce back from the February-March slide is getting old, Ryan Detrick points out.
Temasek Joins Facebook-Backed Libra Association
The Singapore sovereign wealth fund is the first government-owned entity to join the blockchain project.
ESG Proves to Be Safe Haven During Times of Turmoil
Research from BlackRock, Bank of America shows ESG outperformed during Q1 market meltdown.