Seth Klarman Outfoxes Wildfires with Canny Insurance Bet on Utility
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.
News
Bill Proposes Creation of Pension Rehabilitation Administration
Proposed legislation aims to save critical and declining multiemployer pension plans.
California Pensions Convene Anti-Sexual Harassment Coalition
Group highlights financial risks sustained from misconduct in the workplace.
New York Appropriates $1.2 Billion in Direct and Indirect Investments
Institution continues strong focus on real estate and private equity, terminates global equity account.
New CalPERS Board Member Has Serious Concerns About Private Equity Plan
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.
Fitch Rebuts Kentucky Governor’s Ratings Allegation
The agency says the state’s lack of pension overhaul won’t hurt its rating, despite Bevin’s warning.
US Economic Expansion Will Be the Longest in History, Bob Doll Says
Nuveen’s veteran stock strategist thinks it will surpass the 1990s’ record by summer.
Connecticut Task Force in Extra Innings to Find Pension Fixes
Commission still grappling over plan to tap state assets like office buildings to feed ailing retirement program.
Market Shrugs at Government Shutdowns, Sam Stovall Says
Historically, the S&P 500 has been flat when federal functions grind to a halt, and the index is up 7.5% since the latest closure.
Texas Teachers’ Closes Out Year with $1.8 Billion in New Commitments Across 12+ Strategies
Commitments primarily focused on real estate and infrastructure.
Swiss Regulator Facing Criticism over Public Employee Pension Revamp
The OAK prefers a uniform interest rate for the public workers and two other retirement plans, which a lobbying group says is wrongheaded.
San Diego to Pursue Managed Futures Strategies in Diversification Quest
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
BlackRock Laying Off 3% of Staff Amid Market Concerns
The asset management titan plans to make ‘additional changes’ in the coming weeks.
ESG Provider ISS Acquires Strategic Insight, Owner of CIO
Companies merge as a consolidation move under their joint owner, Genstar Capital.
San Francisco Retirement Plan Connects with China
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.