New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
News
BlackRock to Hold Directors’ Feet to the Fire
World’s largest asset manager will seek to oust those who don’t meet the firm’s sustainable criteria.
New York Expects ‘Sharp Fall’ in Wall Street Bonuses
Commissions in the securities industry have dropped during other financial crises. In 2008, they fell 47%.
S&P Global Forecasts Global Recession Due to Coronavirus
China is a barometer for what the rest of the world can expect in the downturn, firm says.
Jury Finds Connecticut Investment Firm Defrauded its Clients
Westport Capital and owner Christopher McClure bilked clients with hidden fees to enrich themselves.
BlackRock Commits $50M to Coronavirus Relief Efforts
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
CalSTRS CEO Jack Ehnes Postpones Retirement Because of Coronavirus
The decision came after a request from the board, which said it needs time to conduct an executive search.
Key Issues for Institutional Investors to Focus on Amid COVID-19 Volatility
Law firm Morgan Lewis provides useful tips for this time of market turmoil.
Coronavirus Chaos Torpedoes Municipal Bond Market
After initially staying strong as markets declined, munis tumble 11% in 11 days.
Swedish Pension AP1 Divests From Fossil Fuels
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Prudential Financial Launches Green Bond with $500 Million
Firm becomes first US insurance company to enter the $250 billion green bond market.
Ray Dalio Says US Corporations Will Lose $4 Trillion to Coronavirus
The amount of money needed globally could notch up to $12 trillion, he said.
Survey Finds Varying Levels of Institutional Investor Confidence in the US Government’s Ability to Contain Pandemic
Eaton Partners examines institutional investors’ adaptive strategies to the market and outlooks across several key considerations regarding the coronavirus.
CalSTRS Prepares its Employees to Shelter in Place
The retirement system has closed its member service locations and temporarily suspended its contact center to adhere to the state mandate.
Relief Measures: American Retirement Association Wants to Squeeze Pension Relief into Third Coronavirus Aid Bill
Ongoing effects of the global virus prompt the ARA to look for ways to assist pension recipients in need.