Dean Takahashi, Yale’s Robin to David Swenson’s Batman, Exiting Endowment
Legendary investor, thought to be chief’s successor, leaving after more than 30 years with the organization.
News
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Larry Summers Dumps on Jackson Hole Avoidance of Negative Interest Rates
Former Treasury secretary thinks less-than-zero rates do little good and much harm.
California Gov. Puts Lendistry CIO on CalPERS Board
Stacie Olivares-Castain’s background is on impact investments, blockchain, and advisory services.
GPIF CIO: Global Synchronicity is Killing Diversification
CIO of world’s largest fund says no place for investors to hide in downturn.
Pay No Attention to the Inverted Yield Curve, Some Economists Say
Shiller, Yardeni, Yellen, and El-Erian trash this feared recession signal as off-base nowadays.
Turkish Army Pension Fund Unit to Buy British Steel
However, fund was recently accused of corruption by Turkish parliament.
SEC Charges Former CFO with Defrauding Thousands of Investors
1 Global Capital’s Alan Heide allegedly knowingly signed off on overvalued statements.
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
So the Federal Reserve Doesn’t Care About the Stock Market? Baloney
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
CalPERS Introduces New Trust Portfolio to Ease Employers’ Woes
State delivers a unique avenue for employers to mitigate contribution volatility.
Ontario Teachers’ Next Key Markets: Asia, Europe, and Infrastructure
CEO Ron Mock discusses plans to potentially triple Asian headcount and push $8 billion into infrastructure.
Respond to CIO’s Transition Management Survey Today
Survey tracks best practices and vendor experience/capabilities.
CalPERS Heads Toward Restructuring Investment Committee
Board’s governance committee gave first approval Tuesday night to a plan that reduces the size of the investment committee and the number of meetings.
Blame the Computers for Last Week’s Market Wipeout
So says JP Morgan’s trading honcho, Marko Kolanovic, who thinks more than half the moves were due to algos.