Top Ratings Agency Slams Illinois Gov.’s Budget Proposal
Pritzker’s plan to bolster the underfunded public pension system via new taxes ‘punts’ on meaningful change, S&P says.
News
LDI Portfolio Construction May Get Trickier in 2019
As funds lock in 2018 gains, high-quality fixed income could become harder to find, Goldman Sachs exec says.
CalPERS CIO Says Pension Plan Must Create New Private Equity Organization
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
Watch Out for This Recession Signal: a Tiny Unemployment Hike
If the jobless rate climbs by 0.5 point, history shows that an economic slump is coming, Natixis’ Lavorgna warns.
New CIOs, Possible Teachers Pension Overhaul for Kentucky
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
Texas Teachers’ Hires CalSTRS, Illinois Teachers’ Officials
The two new leaders will develop the fund’s emerging manager programs and administrational functions.
Navistar Canada De-Risks Pension Obligations, Assets
Truck manufacturer transfers $268 million to two insurers.
Report: Institutional Investors Should Explore Crypto Investing
Cambridge Associates says despite volatility, cryptoasset industry is developing, not faltering.
Molson Coors Hit with Class Action Lawsuit
Complaint accuses CEO and CFO of making false and misleading statements.
ETFs Are in Higher Demand from Insurers
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
Washington State Makes $1.6 Billion in Private Market Commitments
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Canadian Pension’s ‘Pivotal Year’ Drives Substantial Progress for Its Alternative Strategies
Robust international portfolio delivered $9 billion in 2018.
SEC Proposes to Expand Obama-Era ‘Test-the-Waters’ Modernization to All Businesses
Proposition would allow businesses to solicit institutional investor interest before filing an IPO.
People Moves Roundup through 2/22
Schroders expands DC team, new CEO tasked with Bitcoin swaps and other career moves
SEC Charges Four in Elaborate Microcap Stock Fraud
Fake debt instruments allegedly used to reap $25 million in ill-gotten gains.