New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
News
IMF, OECD Global Forecasts Increasingly Downbeat
Decline in growth expectations coincided with start of US-China trade war.
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
UC Endowment Shifts Major Cash into Alts
The huge fund is targeting real estate, private equity, and hedge funds.
Buy-Side Firms Feeling Less Rah-Rah About Economic Growth
Sentiment survey finds positive sentiment drops to 48% from 67%.
Hackers Exploit SEC Test Filing Services to Trade Illegally
The SEC charges nine for trading on non-public information.
PBGC to Assume Responsibility for Sears, Kmart Pension Benefits
Pensions lifeboat will provide benefits for 90,000 workers and retirees.
State Street Calls on Boards to Invest in Corporate Culture
Asset manager says culture issue is essential to long-term value creation.
People Moves Roundup
Barclays gets a new Canadian of Financial Institutions Head, Nuveen tops off its advisory services team, and more.
Straw in Wind? Near-Junk Ratings Dominate US Corporate Bonds
Baa–rated issues reach record, although defaults at this stage are not worrisome, Moody’s data indicates.
Swedish Pension Fund Divesting from Nukes, Oil Sands Companies
ESG-oriented decision motivated by new law.
UC Regents Had a Bad Q4 Surprise, Losing $9 Billion
The late-year market slide happened quickly, CIO Bachher says.
Meketa’s Co-CEO Anticipates Private Markets Growth After Lucrative Merge
Pension Consulting Alliance’s real estate strengths expected to provide a boon.
Venture Capital Deals Set Record for 5th Straight Year
Growth in private equity fundraising shows no signs of abating.
Why Index Fund Creator Jack Bogle Hated ETFs
The late Vanguard founder was best known for passive investing. But he decried its offspring, exchange-traded funds, as an abomination.