New York City is Worried About China, and the Fed
Deputy CIO fleshes out key concerns at meeting of five city pension plans.
News
Bernie Sanders and Goldman’s Ex-Chief Feud over Stock Buybacks
Vermont senator calls them wasteful, while Lloyd Blankfein lauds repurchases as an ultimate economy booster.
US Educational Endowments Return 8.2% in 2018
But long-term returns fall well below target rates for endowments of all sizes.
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
Starboard’s Smith Could Add New Toppings to Papa John’s
If the activist investor does to the pizza maker what he did with Olive Garden, expect agita.
Goldman: A Hot January for Stocks Moves into a Cooler Rest of Year
Firm says investors likely got ‘the bulk’ of their 2019 returns last month.
Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
Connecticut’s New Treasurer Pushes for Pension Shortfall Remedies
Shawn Wooden examines tapping lottery and extending bond payments to bridge huge gap.
American Century Wins 401(k) Class Action Lawsuit
Judge rules that offering employees only proprietary funds does not violate ERISA.
Court Rules Firms Can’t Skirt Pension Withdrawal Fee
Construction company owes more than $641,000 for leaving multiemployer plan.
Bill Gross’ Bond King Crown Now Firmly Sits on Jeff Gundlach’s Head
As the faded master bond investor announces his retirement, the usurper keeps growing in stature.
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Bolsonaro Really Wants Pension Reform in 2019
Brazil’s new president’s opening session letter demands social security system overhaul.
Canada Pension Plan Investment Board Issues Euro Green Bonds
€1 billion 10-year fixed-rate notes are issued to invest in renewable energy.
FTSE 100 Pensions’ Bond Allocation Nearly Doubles in Decade
Plans look to lock in gains by shifting to fixed income investments.