Kentucky Teachers’ Fund Suspends Requirement for Notary Signatures
A patchwork of states allows remote witnesses, since in-person regulations have been made inconvenient by social distancing measures.
News
Endowment Index Tumbles over 20% in First Quarter
COVID-19 wipes out robust 2019 earnings in just three months.
$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
Norway’s Sovereign Wealth Fund Hit by Scandal
Norges Bank investigates outgoing CEO’s flight on luxury jet paid for by incoming CEO before his hiring.
Earnings Will Take Up to 4 Years to Recover, Leuthold Says
That’s the max for EPS retreats in the past, and this recession will be a lulu, the firm’s Ramsey believes.
US Public Pension Funding Levels Plunge to 66% in Q1
Market turmoil has wiped out all funding gains made in 2019.
New York Burns Through Cash, But Pension Funds Not Impacted
State retirement systems, in solid shape, don’t require subsidies from the tax coffers.
Haves and Have Nots: Virus Effect Will Widen the Public Pension Divide
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Singer: Look for Another Market Slide, to 50% Below Peak
Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
Kentucky Governor Signs Measure to Revamp Local Pension Boards
Legislation creates new panel of trustees for County Employees Retirement System.
US Dividend Payments Have Worst Quarter Since 2009
Liquidity and cost control are now top priorities as dividends drop and buybacks become an ‘endangered species.’
Maine Picks Deputy James Bennett as CIO
During his six years as DCIO, the investment professional helped team members build out the fund’s alternatives portfolio.
Dalio Says Holding Government Bonds Now Is ‘Crazy’
Tiny or negative yields make fixed income a bad idea, hedge fund honcho declares.
CAIA Clears Path for Democratization of Alternative Assets
The Chartered Alternative Investment Analyst organization cites the key attributes the alternative asset industry must improve upon to become more accessible.
Kentucky Eyes $200 Million Controversial Investment in Direct Lending Firm
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.