Massachusetts Ramps Up Diversity Guidelines
The state’s PRIM Board will vote against nominees if less than 35% of the board is diverse in terms of gender and race.
News
Expect a 30% Market Drop Overall, Goldman Warns
David Kostin says the S&P 500 has a lot further to fall, due to the coronavirus’ nasty economic effect.
Pattern Energy Calls Lawsuit Challenging CPPIB Acquisition a ‘PR Stunt’
Water Island Capital, which owns 4% of the firm, says the offer price is too low.
AXA Launches $155 Billion Alternatives Unit
AXA IM Alts creation is in response to the ‘hunt for yield’ in a persistent low-rate environment.
HOOPP’s Jeff Wendling Elevated to Chief Executive
The current CIO helped develop the liability driven investment approach the Ontario health care fund is known for.
NY State Pension, Coca-Cola Reach Executive Pay Deal
Beverage giant promises to bring CEO, employee compensation more in alignment.
Shiller: A Recession Is ‘Highly Likely’ Due to Virus Panic
Dwindling business activity is worrisome, and market slide isn’t over, Yale prof warns.
Rising Funded Levels, PBGC Premiums Spur Pension Buyout Record
Increased volatility caused by coronavirus likely to keep risk transfer market booming.
Extreme Weather Events Continue to Rise, Increasing Financial Impact
Actuaries Climate Index hits high-water mark for sixth straight quarter.
Exclusive: Kentucky Retirement’s Executive Director Says Proposed Board Split Will Increase Taxpayer Burden
David Eager shares his thoughts on proposed legislation that would split the current board into three entities.
Chinese Nationals Charged with Laundering More Than $100 Million in Cryptocurrency
North Korean co-conspirators allegedly hacked virtual exchange, stole $230 million in virtual currency.
UK Insurance Sector Warns Rate of Pension Withdrawal Unsustainable
Association of British Insurers says future retirees risk running out of money.
Aon Buys Willis Towers Watson in $30 Billion All-Stock Deal
The transaction will form the biggest insurance broker in the world.
Exclusive: CalSTRS Develops Quarantine Plans
As coronavirus cases increase, the investment office of the California educator fund has developed plans in case investment staff are quarantined.
Gundlach Says Fed ‘Panicked’ by Cutting Rates
Coronavirus worries threaten to harm economy and boost jobless claims, bond savant warns.