Declining Musicians’ Pension Fund Sings the Benefit Reduction Blues
National plan can take this step under a federal law passed in 2014.
News
Oregon Pension Reform Squeaks Through Legislature
Bill barely passes both chambers; governor expected to sign into law.
People Moves Roundup
Schroders gets a new head of private assets, Quoniam gets a new CEO, and more.
Money Managers’ Own Plans Have Higher Balances, More Choices
Asset manager 401(k) plan balances are four times that of the general population.
What Would It Take for the Fed to Lower Rates? Very Bad News
In the face of White House pressure, Federal Reserve Vice Chair Clarida spells out the punk economy needed to loosen policy.
ExxonMobil Dodges Dual-Role Bullet Once Again
New York Common, Church of England funds voice their frustrations with the oil titan in proxy vote.
New Jersey to Cut Its Hedge Funds in Half
Pension fund plans to boost Treasury bonds, private equity investments.
Wells Fargo Settles Derivatives Lawsuit with Pensions for $320 Million
Settlement resolves accusations that Wells Fargo breached its fiduciary duties.
UK MPs Call for Parliament’s Pension Fund to Divest Fossil Fuels
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.
Bridgewater Tells Arizona Pension Fund China Will Be No. 1 Economy in 10 Years
Ray Dalio’s head of China research says trade war is broadly about a power shift.
Hoo Boy, Inverted Yield Curve Adds to Stock Market Gloom
For the second time this year, Treasury-based signal flashes: recession ahead. But is this true?
Norway’s Sovereign Wealth Mega-Fund Divests from Cannabis
$1 trillion GPFG received heavy pushback from narcotics association.
Boeing Faces Slew of Class-Action Suits over 737 MAX Crashes
Shareholder lawsuits accuse plane maker of concealing safety problems.
Lloyd’s Private Banking CIO to Exit
Markus Stadlmann ends a five-year tenure amid Lloyds-Schroders’ joint venture plans.