Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
News
BlackRock CEO Believes Economy Will ‘Recover Steadily’
Larry Fink says pandemic has sparked re-evaluation of global economy and that ‘the world will be different’ post COVID-19.
How Much Will US GDP Shrink This Year? Try 5.4%
That’s the harsh forecast from IHS Markit, one of the grimmest on Wall Street.
Alaska Spending Blueprint Drops Residents’ Oil Dividend by 38%, Gives No Direct Virus Aid
Base cause: The state’s sovereign wealth fund dropped 10% last month, as oil prices plummeted in the coronavirus crash.
A Quick Rundown of Retirement-Related Provisions in the Federal Government’s Stimulus Package
The $2.2 trillion legislation included a comprehensive suite of actions related to the governance and support of the country’s retirement funds.
OP-ED: Trust and Data Transparency Are Now the Same Thing
As CIOs comb their portfolios for liquidity, transparency is expected, demanded, and has become the new normal.
Fitch Downgrades UK’s Rating in Light of COVID-19 Impact
Brexit uncertainty, fiscal easing also factored into downgrade and ‘negative’ outlook.
What Stocks Should Emerge First, Post-Crisis?
Think Asian tech firms. That’s the reasoning of Wellington Management.
SEC Relaxes Reporting Regulations Due to Coronavirus
Investment advisers, funds, and public companies are granted 45-day extensions for certain reports.
It’s a Terrible Time for Pensions to Have Weak Liquidity
Market downturn could force some public pensions to sell assets for a loss.
Coronavirus Will Cause ‘Unprecedented Shock’ to Global Economy
Moody’s forecasts G20 economies’ GDP to contract 0.5% in 2020.
BlackRock, While Predicting ‘Sharp’ Recovery, Is Building a Strong Cash Position
The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.
World’s Largest Pension Fund’s CIO Hiromichi Mizuno Exits
Japan’s $1.6 trillion Government Pension Investment Fund will see its investment chief depart soon after five years in the job.
New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19
Economic impact of virus could lower state pension valuation.
Norway’s Sovereign Wealth Fund Selects New Chief Executive
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.