Singapore Sovereign Wealth Fund Slices Pay Due to Virus
Even senior management at Temasek may find their bonuses trimmed as much as 15%, as investors contend with the disease’s impact.
Risk
Boston Pension Fund Files Class Action Lawsuits Against Six Flags, HP
Electrical Workers Pension Fund claims investments in Six Flags and HP tumbled 44% and 30%, respectively.
Analysis Says NC Pension’s Fiscal Health in Jeopardy
Report warns that pension’s return assumptions are ‘overly optimistic.’
NJ Pension Fund Trustee Sentenced for Embezzling over $360K
Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.
Texas TRS Looks to Replace Some Public Equity Allocation with Private Credit
The fund’s new CIO Jase Auby describes the portfolio’s new path forward.
Cryptocurrency Scam Allegedly Swindles Doctors Out of $33 Million
Michael Ackerman boasted his algorithm generated monthly profits of 15%.
Newspaper Company McClatchy Halts Retirement Payouts After Chapter 11 Filing
Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.
New York Maintains ‘Conservative Approach’ With 5.3% Third Quarter Return
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Artificial Intelligence? Start Investing Now, Says Foundation Group
Two major US private foundations lead venture capital push into AI, which they say will disrupt multiple industries.
Davos Report Says Climate Change Striking Harder than Expected
‘2008-style systemic collapse’ expected if human-caused CO2 isn’t halved in decade.
University Endowments Gain 5.3% in 2019
However, the average 10-year return beat long-term objectives for the first time in a decade.
Virus Outbreaks Harm Stocks, Just Not on Tuesday
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
Op-Ed: Why CIOs Should Engage on Climate and Take Action
Thousands of CIOs are currently assessing the climate risks of their portfolios as the March 31 reporting deadline for the UN PRI approaches.
Negative Surprises Spurs IMF to Cut Global Growth Forecast
IMF sees few signs of a turning point amid ‘new normal’ of higher uncertainty.
Ohio’s State Pension Slashes Healthcare Benefits amid Insolvency Concerns Threat
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.