Regulation
Five Multiemployer Pension Funds Bailed Out By PBGC This Week, Totaling More Than $2 Billion
The PACE Industry and National Integrated Group Pension plans make up the bulk of that amount.
News Archive: Jun - 2023
Newsmakers
CIOs Assess the Legacy of Harry Markowitz
Six investment chiefs discuss the legendary economist’s theory and its limitations.
Asset Allocation
Public Equities Drive CalPERS’ 3.2% Q1 Return
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Pensions
Funded Level for U.S. Public Pensions Slips to 73.7% in May
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
Asset Allocation
CalSTRS Winnows Candidate List for China Equities Manager
Pension giant is seeking a better way to implement its China equity exposure.
Newsmakers
Pensionmark Creates New Chief Investment Officer Role
Nate Garrison will lead investment strategy for all of the group's financial services companies.
Newsmakers
Wespath Hires New Deputy Chief Investment Officer From Illinois SBI
Johara Farhadieh will succeed Dave Zellner, who plans to retire next summer from the Methodist Church pension and benefits arm.
Regulation
Republican ESG Working Group Calls Out Proxy Voting
An interim report published by Republicans on the House Financial Services Committee argues that ESG lowers returns and that the proxy voting industry is unacceptably opaque.
News
How New Proposed Antitrust Regs May Make Things Tougher for M&A
The proposed disclosure rules in the White House’s antitrust push could make filing for deals more difficult, critics argue.
News
Bank of England to Apply Stress Tests to Pension Funds, Hedge Funds, Asset Managers
The exercise aims to increase understanding of banks’ and other financial institutions’ behavior in stressed market conditions.
Asset Allocation
Wisconsin Economic Development Corp. Hires Senior Investment Director
Greg Williamson will oversee the WEDC’s new Wisconsin Investment Fund.
Regulation
House Democrats Express Misgivings About Some Market Structure Proposals
House Republicans have opposed these proposals for some time, but Democratic skepticism is also emerging.
Risk
Goldman: Look for EMs to Overtake US in Stock Valuation by 2030
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
Asset Allocation
For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key
Investors are sensing a regime shift in the market, but capturing it will take careful planning.
Regulation
Republican Spending Bill Would Cut SEC Budget, Block Market Structure Proposals
The legislation would also cut spending by the SEC and the IRS, targeting the agencies’ enforcement budgets.