S&P 1500 Pension Funded Status Remained Level in January
At month’s end, the
estimated aggregate deficit decreased to $400 billion from $408 billion as of
the end of December 2016.
News
CalSTRS Lowers Return Expectations and Revises Actuarial Expectations
The first reduction will be to 7.25%, followed by 7% in 2018.
CIO of Connecticut Retirement Plans & Trust Funds Resigns
Laurie Martin, deputy CIO of the $29.1 billion CRPTF, has been named interim CIO.
Hedge Funds Reach New Highs, and Lows in 2016
Hedge funds reported gains of 7.4% for the year, but net outflows of $102 billion.
Could Dow Hit 30,000 Under Trump?
Speculators consider soaring Dow and possible recession.
Soros Chooses Fitzpatrick from UBS as New CIO
Fitzpatrick will be firm’s 7th CIO since April, 2000.
European Elections Bring Uncertainty for Institutional Investors
The Netherlands, France and Germany will hold elections leveraging populist influence.
Study Shows Pension Fund Assets Grow by 4.3% in 2016
China shows highest growth at 20.3% in enterprise annuity assets.
Terra Firma’s Hands Acquires McDonalds’ Nordic Restaurants
Guy Hands to run businesses with his wife and family.
Iron Workers Multiemployer Plan Approves Benefit Cuts
The insolvent $85 million pension fund is the first multiemployer plan to reduce benefits for current retirees.
Och-Ziff Execs Charged with Spearheading African Bribery Scheme
Michael Cohen and Vanja Baros were “masterminds” behind the hedge fund’s alleged corruption, the SEC claimed.
How Does Trump’s Regulation Freeze Affect Asset Management?
The freeze puts increased focus on asset managers, their systemic risks, and the Department of Labor’s fiduciary rule.
NYC Pension Names Two Deputy CIOs
The New York City Bureau of Asset Management promoted Alex Doñé and Michael Haddad to the deputy roles.
Harvard Endowment to Cut Staff by Half, Outsource Investments
CEO Narv Narvekar has begun his overhaul of the $35.7 billion endowment.
The Smart Beta Balancing Act
Maximizing factor-investing returns only over the long-term can put CIOs at risk of being fired over short-term performance, Research Affiliates argues.