State Pension Funds Adjust to ‘New Normal’ of Lower Returns
Some states employ clever tactics to compensate for reduced return on assets.
News
Meketa Shares Its Biggest Concerns for 2020
Slowing global economic growth, China’s economic rebalancing, and European uncertainty top the consultancy’s list.
CIO’s Most Listened to Allocator Podcasts of the Year
Thousands of listeners tuned in this year to hear allocators sharing what has worked for them.
Kentucky Analysis Dispels Myth of 401ks as Pension Saviors
Actuarial report finds moving to defined contribution plans would increase costs.
Congress Reaches Deal for Miner Pension Rescue Bill
Miners union calls funding package passage ‘tremendous victory.’
Japan, European Development Bank Launch Social Bond Initiative
Partnership will promote and develop bonds that focus on ESG.
CFO Pleads Guilty for Role in $1 Billion Ponzi Scheme
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
SRI Investing, Islamic Finance: 2 Sides of Same Coin
‘Ethical bridge’ built on shared concern about society and environment.
The Disaster That Made Blackstone’s Schwarzman Who He Is Today
The private equity titan’s 1989 stumble taught him valuable lessons.
Boeing Production Cut Will Pare Half-Point from GDP, Says JPM Economist
Loss of the troubled 737 MAX will lower US industrial output, Michael Feroli warns.
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Over 100 Multiemployer Pension Plans May Fail Within 20 Years
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Can Marijuana Help Solve Kentucky’s Pension Woes?
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.