State Pension Unfunded Liabilities Nearly $6 Trillion
Average funded ratio a paltry 35% based on ‘realistic’ return assumptions.
News
Warren Buffett: Wrong-Headed Hypocrite on Foreign Stocks?
The investing legend has long advocated domestic shares. But are they always the best bet? And why did he buy Israel’s Teva, anyway?
Exclusive: Michigan’s Hotel-Heavy Strategy Pulls Real Estate Portfolio Ahead of the Pack
Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
New Jersey Posts Mixed Results in Meeting Benchmarks
The state pension fund is only surpassing its 10- and 20-year goals, falling short over other periods.
CDPQ Raises Low Carbon Asset Target to C$32 Billion in 2020
Pension fund reduced the carbon intensity of its portfolio by 10% in 2018.
Last Week to Nominate CIO’s NextGen Class of 2019
Asset owners and managers to choose 25 of the industry's best up-and-comers.
Congress Mulls Trump-Backed Proposal to Raise Taxes on Fund Managers Again
Legislation would eliminate the ‘loopholes that have been so good for Wall Street investors, and for people like me,’ President says.
CIO Summit 2019: Registrations Open
Annual two-day event to feature hot-button discussions from the world’s leading asset owners.
New Zealand Super Leads Christchurch Charge Against Tech Lords
National five-fund coalition targets Facebook, Google, and Twitter’s ‘severely damaged’ content-sharing functions.
Africa’s Biggest Fund Suspends Acting CEO
Matshepo More’s predicament the latest drama for the organization.
Robert Shiller Is Downbeat About Housing
The celebrated economist thinks residential real estate is ‘looking weaker,’ despite some encouraging data.
Canadian Pensions in $3.4 Billion Bid for Inmarsat
CPPIB, OTTP join consortium to acquire satellite telecommunications firm.
Inverted Yield Curve Puzzle: Higher Short-Term Yields
In this week’s recession scare, everyone focuses on the 10-year Treasury. But why are yields on T-bills for 12 months and below so high?
Activists Seek Ouster of Bed Bath & Beyond Board, CEO
Three hedge funds suggest 16 replacements with strong retail backgrounds.
Dutch Retail Pension Pares Holdings Using New ESG Index
Pensioenfonds Detailhandel, citing new FTSE-BlackRock benchmark, cuts nearly one-third of its public equities.