NYC Pension Boosts Private Equity Program by $600 Million
Increase raises total assets in emerging managers initiative to $8.8 billion.
News
Australian Supers to Post Common Data on Their Performance
Regulator is requiring the retirement funds to provide the public with metrics on returns and fees, starting in 2020.
US Corporate Pensions’ Funded Level Rises to 92.6%
The 100 largest corporate DB plans gain $20 billion in February.
OP ED: In Investment Management, It Takes Two to Tango
Human/Machine interaction must be optimized to drive successful outcomes.
Productivity May Finally Be on the Rise, Economist Says
Tech advances like AI, plus Fed restraint, may at last lift it out of the doldrums, Natixis’ Lavorgna believes.
Denmark Fund Restructures, Merging Private Debt and Alts Units
Decision expected to ‘harvest synergies’ between sectors, enable more investment flexibility, its CIO says.
SEC Settles Charges Against 79 Advisers
Violators agree to return more than $125 million to clients.
Texas Creates Separate Account with Saudi Arabia-backed Blackstone Infrastructure Fund
Adds $100 million to the $250 million commitment it made in 2018.
How Does Yale Do It? By Being Different
Yale’s asset allocation bears no resemblance to the average university endowment.
Pension Sues Banks over Euro Bond Scandal
Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Value-Growth Gap Widest in 70 Years, Study Says
AB Bernstein says this means now is a great time to buy cheap stocks, awaiting their time to romp.
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
The Ontario Health Pension Turns in 2% Return for Tough 2018
Fund’s performance last year was driven by active management decisions.
Majority of Divestments Lose Value, Report Finds
Research shows that 54% of divestitures underperformed the markets since 2010.