Guggenheim CIO Calls Recession Fears ‘Overblown’
Scott Minerd says Davos attendees tend to misread the tea leaves.
News
People Moves Roundup
Värde beefs up its team with new partners and deputy CIO, Northern LGPS gets a new chair, and more.
100 Largest Funds Cutting Assumptions
Funding levels improving, but market volatility left some scars.
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Citigroup Launches Green Bonds
Bank looks to keep 2015 promises on renewable energy, water quality, and other Paris Agreement goals.
Don’t Worry About the Housing Slump, B of A Says
According to an economist at the bank, lower mortgage rates should improve the situation, which provokes eerie memories.
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
How Dallas Police and Fire Plans to Revitalize Its Portfolio
New CIO Kent Custer describes his team’s approach to transform the pension’s growth engine.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Davos Thought Leaders Optimistic on China’s Economy
A slowdown and trade war won’t derail world’s second-largest economy, they say.
Los Angeles Fire and Police Pension Evaluates Potential Real Estate Direct Investment Platform
Feasibility studies begin on the rare investment strategy.
Hawaii State Pension Unfunded Liability Rises to Record $13.4 Billion
Actuary forecasts it will take 25 years for retirement system to become fully funded.
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.