Larger endowments outperform smaller ones due to less US equity exposure.
Coronavirus – COVID-19
A painful $16 trillion could vanish from the planet’s coffers, only the second down year this century, Boston Consulting’s study estimates.
The typically stable asset class has been hit as traffic levels have dropped 40% to 85% globally, S&P analysts say.
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
Allianz Life study finds many deeply uncomfortable with the state of the virus-driven market.
JPM chief points to massive Washington relief efforts as the economy’s savior.
A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.
Falling discount rates strike again, negating the market rebound for corporate DB plans.
The university will draw from its investments, furlough employees, and cut retirement contributions.
Economic downturn forces government to take out over $37 billion.
The former FDA commissioner, and current pension plan asset manager, sounded alarms in January about the pathogen.
Employers will have to increase contributions unless markets rebound sharply, says S&P.
Corporate, public, and university funds lost a median 7.23% in the first quarter from falling equities, BNY Mellon says.
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
The White House is reportedly reviewing its options against a planned investment into Chinese equities.