Jerome Powell’s Lousy Market Record for Fed Day Ends
Since he took over the Federal Reserve, stocks had dropped on days when its policymaking body wrapped up work—until yesterday.
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Rhode Island Retirement to Lead Class Action Lawsuit against Google
Google’s failure to disclose security breaches ‘necessitate legal remedy,’ pension says.
Russell Exec to Steer CIO Ship Once Again
The firm has tapped Peter Gunning, who had been CIO previously.
UJA Chief Leaving for New Catholic Foundation
Colin Ambrose aims to build out the $3.2 billion nonprofit Mother Cabrini’s investment division from scratch as its first CIO.
Brunel Readies Manager Search for New Global Equity Fund
Pension pool wants High Alpha portfolio to outperform benchmark by at least 3%.
UK Pension Scam Victims Lose an Average of £91,000
Losses are likely to be even higher, as most scams go unreported.
Ohio PERS Advances New Asset Allocation Studies
$100 billion pension debates new approaches after reducing assumed rate of return twice in recent periods.
Former National Grid Head Jumps to Railpen
Trustee chair John Chilman tapped to take on the pension’s investments in June after the former chief leaves for insurance giant.
How the Government Shutdown Will Ding the Employment Report
The 35-day closure will pump the jobless rate up to 4.1% for January, RSM’s Brusuelas says.
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
NY Pension Sues Danske Bank over Money Laundering Scandal
Class action lawsuit claims bank artificially inflated ADR price.
UK Trade Organization Seeks to Define ESG
The Investment Association attempts to clear up three key issues in the space.
Dutch Pension Fund ABP Loses 2.3% in 2018 After Rough Q4
$454.9 billion pension fund blames losses on market turmoil.
CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
A Bipartisan Plan to Revamp Oregon’s Pension System
Dem backing a Republican bill improves its chances in a blue legislature.