Goldman Sachs Estimates Public Pensions Now Less than 60% Funded on Average
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
News
US Corporate Pension Funded Ratio, Risk Transfer Costs Decline in April
Falling discount rates strike again, negating the market rebound for corporate DB plans.
Texas A&M Foundation Taps Michael Pia for CIO
The former Texas TRS managing director will oversee the roughly $1.9 billion university endowment.
CalSTRS Searches for Director of Investment Services
The position on the senior investments team will replace COIO Debra Smith, who retired this month after 24 years at the fund.
Alternative Investors Target Health Care, Logistics, Shun Real Estate
Managers see short-term disruption from pandemic but are optimistic about the long term.
Benchmarking Addendum: But What’s the Best Way to Benchmark Alts?
Longtime CIO Tony Waskiewicz answers the question: ‘Would you use the same long-only benchmarks?’
SEC Appoints Receiver for Florida Firm Charged with Fraud
TCA Fund Management allegedly falsely inflated asset values by $130 million.
Exclusive: Oklahoma Police Pension Employees Return to Office
Staff members will follow sanitation and social distancing protocols required by the state, the executive director said.
Forget about Inflation, Deflation Is the Real Threat, BofA Says
The massive Washington stimulus raises fears of spiraling prices. But those anxieties are off-base, bank economist Harris contends.
Morningstar to Pay $3.5 Million SEC Conflict of Interest Penalty
Analysts conducted both sales and ratings operations, the US securities regulator said.
Norway Pension Giant Dumps Nearly $3 Billion in Coal, Oil Stocks
However, weak krone erases over $438 million in value from now-excluded holdings.
Public Pensions Plans Decline Over 13% in First Quarter
Wilshire TUCS says quarterly performance is worst in 40 years of tracking public plans.
Why Paul Tudor Jones Sees a Bright Future for Bitcoin
To trend-spotting hedgie, the cryptocurrency is ‘the fastest horse,’ so he buys its futures.
Oklahoma Lawmakers Squelch Veto on Siphoning Pension Money
Legislature overrules governor’s objection to using retirement funds to meet current expenses.
Op-Ed: We’re Still Chasing Boardroom Equality
More women have roles on corporate boards, but leadership opportunities are still lacking for many.