Tufts University CIO Sally Dungan Dies of Cancer
Dungan, who had led the $2 billion fund for nearly 18 years, is credited with creating Tufts’ Investment Office.
News
Dogs of the Dow Get Bitten
Storied value play, usually a can’t-miss strategy, falls afoul of the recession and oil bust.
Tesla Recruits Former CIO of $1.5 Trillion Japanese Pension Fund GPIF
Hiromichi Mizuno joins Tesla to serve the board as an independent director and on its audit committee.
Too Rich to Need It? Top Colleges Back Away from US Virus Money
Harvard, Penn, Yale act after Trump administration says subsidies should go to less wealthy institutions.
State Education Budgets Fail to Keep Up with Pension Costs
Report says paying for pensions should come from sources other than education budgets.
Op-Ed: U.S. Public Pension Underfunding—Don’t Make the Same Mistake Thrice
As some lawmakers suggest states consider declaring bankruptcy, governments will be tempted to cut back on pension contributions. Amundi Pioneer senior adviser Charles E.F. Millard urges them not to do so.
Washington State Board Makes Up To $1.9 Billion in Extra Private Market Commitments
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
More Federal Spending Means Higher Taxes, Says Leon Cooperman
Tax breaks like those on capital gains will end, hedge fund hotshot predicts, if either Trump or Biden wins.
World’s Largest Pension Fund Ups Scrutiny of Index Investments
Japan’s $1.5 trillion retirement program wants to improve its passive management strategy.
Institutional Investors to Reduce Real Estate Investments in 2020
Pension funds, endowments, foundations plan to cut property commitments by 11%.
Bill Miller: Why Now Is a Great Time to Buy Value Stocks
The famed investor, who just bought Boeing stock, says beaten-down gems are on sale.
Harvard Adopts Goal for ‘Net-Zero’ Greenhouse Gas Emissions by 2050
Directive for $41 billion endowment stops short of fossil fuel divestment demanded by faculty.
Rhode Island Lost 9.5% But Performed Better Than Benchmarks
The state treasurer attributed an allocation into Treasuries and quant strategies for offsetting losses.
OP-ED: Disaggregate Your ‘Aggregate’ Composite
Longtime CIO Tony Waskiewicz discusses the benefits of investment grade bonds and Treasuries in this complex market.
How Will Earnings Ever Get Back to Positive?
Now-leery consumers have to be confident again about going out, a tall order, says Commonwealth’s McMillan.