Risk
Ackman Applauds the Trashing of Adani, but Won’t Bet Against It
Famed activist investor lately is backing away from aggressive battles.
News Archive: Jan - 2023
Regulation
PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans
The three pension plans had additional SFA packages approved Friday.
Research
Slumping Leveraged Loans Are Expected to Rebound Late in 2023
M&A activity should come back in the second half, and so should this favorite borrowing instrument, according to JPM and Morgan Stanley.
Pensions
PIMCO Investment Managers Tell SCERA They Expect Debt to Bounce Back in 2023
The $3.2 billion Sonoma County Employees’ Retirement System’s investment committee heard a discussion about the current state of fixed income.
Newsmakers
Bloomberg Settles SEC Charges of Misleading Pricing Disclosures
Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.
Pensions
How to Boost Diversification, From 2 Wise CIOs
Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.
Research
M&A Deals Predicted to Increase in 2023, Survey Shows
Katten survey indicates that with companies holding large amounts of unallocated capital, middle-market private equity dealmakers see financial services, technology and insurance acquisitions as big opportunities for 2023.
Pensions
Swiss Pension Fund Publica Lost 9.6% in 2022
The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.
Newsmakers
25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing
The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.
Regulation
PBGC Bails Out 2 Construction Pension Funds
Pension plans for ironworkers in Alaska and plasterers in Oregon will receive assistance.
Manager Selection
International Paper Promotes Tusch to Oversee Pension and Savings Plans
Current Deputy CIO Carol Tusch is replacing Bob Hunkeler, who will retire at the end of the quarter after leading the investment office of International Paper for 26 years.
Manager Selection
Pitcairn Family Office Names Sonnenberg as New CIO
Former CIO Rick Pitcairn moves into a newly created global strategy role.
Pensions
JPM: Reopen Corporate DB Plans or Stop Closing and Freezing Them
Sponsors no longer need to block new workers from defined benefit pensions, as the programs are an advantage, says a study.
Newsmakers
NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
Regulation
SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal
If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.