Money from Fired CalPERS Equity Managers May End Up in Direct Lending
CalPERS has never invested in direct lending, but CIO Ben Meng sees the strategy as a way to diversity the portfolio away from reliance on equities.
News
Why Wall Street’s Ho-Hum Reaction to Iran? Déjà Vu
Stocks haven’t suffered much or taken long to recover in past conflicts.
Riskier Pension Investments Have UK Watchdog Group on Alert
Moves to counter low yields can expose plans to greater losses, less stability.
Texas ERS Could Become Insolvent 20 Years Earlier than Previously Anticipated
An actuarial valuation report cites the plan’s risk of going insolvent by 2075.
Trader Joe’s Retirement System Hit with Lawsuit Alleging ERISA Breaches
Ex-participants of the popular food chain’s retirement plan bring allegations of ’dramatic’ pains.
Canadian Defined Benefit Plans Surge at End of 2019
Rising bond yields, strong asset returns bring funded ratio to near all-time high.
Top Fraudsters and Financial Crimes of 2019 in the UK
Eco-investment scheme tops list of more than 600 convicted frauds.
More Hedge Funds Close in 2019 than Opened
As stocks soared in 2019, the funds saw investor exoduses amid lackluster returns.
Arizona State Pension Is Headed for ‘Complete Desperation,’ Research Group Warns
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
New WWE Football League Provokes Oklahoma Pension Lawsuit
Pension alleges the company’s chairman, Vince McMahon, diverted company resources to support a new, unrelated venture.
MetLife to Pay SEC $10 Million Fine Over Pension Accounting Violations
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
EU Pension Plans Show Massive Shortfalls in Stress Test
Only 30% of plans have processes to manage ESG risks.
S&P 500 May Fall 20% in Early 2020, Bullish Ed Yardeni Says
But then he expects a rebound that will send the market up again in the second half.
Corporate DB Funding Level Nudged Upward in 2019
Large company plans gain a point, to 87%, Willis Towers Watson says.
