Research
CIO’s Most Listened to Allocator Podcasts of the Year
Thousands of listeners tuned in this year to hear allocators sharing what has worked for them.
News Archive: Dec - 2019
Research
Kentucky Analysis Dispels Myth of 401ks as Pension Saviors
Actuarial report finds moving to defined contribution plans would increase costs.
Asset Management Culture
Congress Reaches Deal for Miner Pension Rescue Bill
Miners union calls funding package passage ‘tremendous victory.’
Market Moves
Japan, European Development Bank Launch Social Bond Initiative
Partnership will promote and develop bonds that focus on ESG.
Regulation
CFO Pleads Guilty for Role in $1 Billion Ponzi Scheme
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Asset Allocation
SRI Investing, Islamic Finance: 2 Sides of Same Coin
‘Ethical bridge’ built on shared concern about society and environment.
Newsmakers
The Disaster That Made Blackstone’s Schwarzman Who He Is Today
The private equity titan’s 1989 stumble taught him valuable lessons.
Corporate Moves
Boeing Production Cut Will Pare Half-Point from GDP, Says JPM Economist
Loss of the troubled 737 MAX will lower US industrial output, Michael Feroli warns.
Asset Management Culture
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
Asset Management Culture
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Risk
Over 100 Multiemployer Pension Plans May Fail Within 20 Years
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Asset Management Culture
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Risk
Can Marijuana Help Solve Kentucky’s Pension Woes?
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.
Corporate Moves
For Strength in Unification, Canadian Leader Calls for Regional Pensions to Pool Investments
Manitoba Premier Brian Pallister challenges the province’s pension plans to ‘shop together.’
Asset Allocation
Share Buybacks to Slide 15% in 2019 and 5% Next Year, Says Goldman
Earnings dip, high corporate debt, and gloomy CEOs are to blame, the firm believes.