Corporate Pension Plans Drop to Lowest Level in 8 Years
The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Risk
30% of Home Mortgages Could Default, Moody’s Warns
If virus-fueled economic crunch lasts through summer, look out, says economist Mark Zandi.
NY State Pension Invested $2.7 Billion in Alts Just Before Market Tanked
The $210.5 billion fund invested more than $2.2 billion in private equity and no money in public equities.
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Battered Shale May End up in Good Condition, Goldman Says
The upstart industry’s flexibility is a big advantage to its longevity amid an oil price war, the firm believes.
Asset Managers Face COVID-19 Legal, Compliance Issues
Shearman & Sterling identifies matters for asset managers to consider during the pandemic.
Oregon Nonprofit Eyes $10 Million Relief Fund for the Arts
The state legislature is poised to channel the money to arts and cultural groups at risk from the crisis.
Musicians Pension Settles Lawsuit Over ‘Risky’ Investments
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
The Worst Might Be Over for Stocks, JPM Says
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.
Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
BlackRock CEO Believes Economy Will ‘Recover Steadily’
Larry Fink says pandemic has sparked re-evaluation of global economy and that ‘the world will be different’ post COVID-19.
How Much Will US GDP Shrink This Year? Try 5.4%
That’s the harsh forecast from IHS Markit, one of the grimmest on Wall Street.
Alaska Spending Blueprint Drops Residents’ Oil Dividend by 38%, Gives No Direct Virus Aid
Base cause: The state’s sovereign wealth fund dropped 10% last month, as oil prices plummeted in the coronavirus crash.
A Quick Rundown of Retirement-Related Provisions in the Federal Government’s Stimulus Package
The $2.2 trillion legislation included a comprehensive suite of actions related to the governance and support of the country’s retirement funds.
OP-ED: Trust and Data Transparency Are Now the Same Thing
As CIOs comb their portfolios for liquidity, transparency is expected, demanded, and has become the new normal.