Asset Management Culture
CalPERS Taps Yup Kim as Private Equity Investment Director
He joins the $407.5 billion pension giant from Alaska’s sovereign wealth fund.
News Archive: Sep - 2020
Asset Management Culture
Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year
The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic.
Regulation
Florida Pension Sues Intel Over 7-Nanometer Chip Delay
Lawsuit alleges the chipmaker intentionally misled investors about development progress of new product.
Asset Allocation
Op-Ed: Rethinking Your Inflation-Protection Strategy (Again)
After this year’s swings, longtime investor Tony Waskiewicz takes another look at the benefits of shifting away from traditional techniques to customized strategies.
Coronavirus - COVID-19
Wells Fargo: 2020 Market Is Too Iffy to Put New Money In
The election and the virus could trigger another stock slump, says strategist Christopher Harvey.
Coronavirus - COVID-19
Actuarial Projections: Virus Might Cause ‘Meaningful’ Increase in Death Rate for Elderly
An extra 300,000 fatalities for seniors could raise the figure to 4.7% by year’s end.
Asset Allocation
Virginia Pension Fund Returns 1.4% in 2020
Despite weak gains, $81.6 billion trust fund outperforms benchmark during fiscal year.
Asset Management Culture
Investment Chiefs Leave Kentucky Retirement Systems for Consulting Firm
The struggling pension system will search for replacements after Rich Robben, Andy Kiehl depart at the end of September.
Market Moves
Don’t Worry about an Election Outcome Delay, Goldman Says
The mechanisms are in place for the nation and the market to know pretty soon who wins, the firm’s economists argue.
Regulation
SEC Rule Change a Boon to Family Offices
New accredited investor definition will include family offices with at least $5 million in assets.
Asset Management Culture
Connecticut Treasurer and Ford Foundation Launch Diversity Coalition
A partnership of 14 firms representing about $460 billion in market cap is addressing racial economic disparities in their organizations.
Newsmakers
The Economy’s OK Without More Federal Aid, Says Fed’s James Bullard
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
Market Moves
Lessons Learned from Global Financial Crisis Help LPs Bounce Back from COVID-19
Panel at Alternative Investment Summit reveals how much things have changed since March.
Asset Allocation
Oregon, Virginia, Dartmouth Endowment Returns: Low, High, and Even Higher
The Ivy gains 7.6%, UVA earns 5.3%, and the Pacific Northwest school increases only 1.1%.
Market Moves
Pace of Private Equity, Venture Deals to Rebound, Panel Says
Technology disruptions across all sectors were just a temporary time out, create new opportunities, according to experts at an EisnerAmper conference.