Princeton, Columbia Endowments Return 6.2%, 3.8%
Investment portfolios for both return less than half as much as last year.
News
SEC Stops $1.7 Billion Unregistered Digital Offering
Emergency order prevents markets from being flooded with illegal tokens.
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
Kentucky Retirement System’s Strategy to Get Legal Victory Against Agency
State Supreme Court opinion says Seven Counties owes KRS contributions.
Baxter De-Risks $2.4 Billion in Pension Liabilities
Annuity contract with Prudential to transfer benefits for 17,200 members.
Boston Pension Fund Sues Chemours Over Environmental Liabilities
Lawsuit claims firm misled investors about ‘massive’ liabilities as stock lost half its value.
Limiting vs. Eliminating Pension Risks
Defined benefit plan sponsors should consider multiple de-risking Strategies.
UK Pension Regulator Begins Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
Case Study: Seeking More Agility, University of California Redesigns Fintech Platform
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Norway’s Largest Pension Fund Divests from Oil Sands
KLP excludes firms such as ExxonMobil’s Imperial Oil from $81 billion portfolio.
DeVry Settles Securities Lawsuit with Utah State Pension
School allegedly lied about its work placement rates for graduates.
Rising Rates Boosts Corporate Pension Funded Status by $38 billion
The funded ratio of the 100 largest US corporate pensions rises to 85.4%.
Alaska Contemplates Market Trends for Next Asset Allocation Strategy
CIO Marcus Frampton discusses the implications of each asset class while preparing for a new strategic asset allocation.