North Carolina CIO Resigns Unexpectedly
The 10th-largest US public pension fund reported solid Q2 results just last week.
News
Julian Mund Named New PLSA CEO
Acting chief executive replaces Joanne Segars, who resigned in April.
AFP: Prime Money Funds Hurt by SEC’s Money-Market Fund Reform
Firms’ short-term cash holdings have moved away from money-market prime funds towards government funds.
Northern Trust: Money Managers Wary of Geopolitical Risk, US Slowdown
Many see US equity valuations as stretched, and emerging markets offering the most opportunities in the next few years.
British Columbia Investment Management Reports 12.4% Annual Return
Fund’s new investment model emphasizes active management over indexing.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
IMF Downgrades US, UK Growth, Upgrades Eurozone
Says US fiscal policy will be less expansionary than previously assumed.
Secondaries Fundraising Slumps in Q2, but 2017 Still on Track for Record
Only $4 billion raised in Q2, with record $19 billion raised in Q1 likely eating into demand.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Goldman Sachs Asset Management: Continued Emerging Market Outperformance, Rising Inflation in Second Half
The firm sees widening economic expansion, higher volatility in 2H2017 in its Q3 investment outlook.
Scaramucci Becomes White House Communications Director
Press secretary Sean Spicer resigns in aftermath.
CalSTRS Generates 13.4% Return
The fund outperforms benchmark for first double-digit returns in three years.
A Sober Second Half for Institutional Investors
State Street’s Lori Heinel talks with CIO about a tempered global market outlook while health care debate stalls progress on tax code overhaul.
Mercer Report Warns of Future $137 Trillion US Savings Gap
Report cites empty promises from Social Security, DB programs as the cause.