A Just-OK Stock Market for New Fed Head Powell’s First 6 Months
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.
News
Pension Insurance Corporation Secures BHS2 Pension Scheme
The specialty insurer saves benefits of 9,000 members by shifting them to annuities.
CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Alcoa De-Risks $290 Million in Pension Obligations
Company also makes $100 million pension contribution.
Europe Poised to Break Venture Capital Records
The nation’s VC deals and growth fundraising have been climbing to new heights since 2016.
Jenny Chan Becomes CIO of Philly Children’s Hospital
She will become the new chief investment officer for the organization.
CalPERS Cuts Most of Its Forestland Investment Program
Eighty percent of plan’s timber portfolio was sold at a large loss last month.
Sell in May and Go Away—Not Quite
This summer has produced a nice rally, and LPL says that portends a good run the rest of the year.
OMERS, PGGM Acquire Puget Sound Stake from Macquarie
The Canadian and Dutch pension funds collectively own a third of the electric and natural gas supplier.
Fresh Signs of Stock Market Bullishness
Polls, options, and the fear gauge all point in a sunny direction, for now.
Maryland State Retirement System Returns 8% for Fiscal 2018
Private and public equities lead the way with double-digit gains.
Andrew Allright Named CEO of State Street’s Hedge Arm
Allright replaces InfraHedge’s co-founder Bruce Keith, who left in January.
UK’s CDC Proposal Panned by Think Tank
Report says ‘superfluous’ CDC pensions could cause ‘irreversible intergenerational injustice.’
US Remains Center of Hedge Fund Universe
Report finds US holds 72% of the global hedge fund assets.