Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
News Archive: May - 2020
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
The bounce back from the February-March slide is getting old, Ryan Detrick points out.
Research from BlackRock, Bank of America shows ESG outperformed during Q1 market meltdown.
And ’09 was the rebound year from the financial crisis bear market, Michael Wilson notes, meaning we’re in for a bullish stretch.
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
Coronavirus - COVID-19
Falling discount rates strike again, negating the market rebound for corporate DB plans.
The position on the senior investments team will replace COIO Debra Smith, who retired this month after 24 years at the fund.
Managers see short-term disruption from pandemic but are optimistic about the long term.
TCA Fund Management allegedly falsely inflated asset values by $130 million.
Asset Management Culture
Staff members will follow sanitation and social distancing protocols required by the state, the executive director said.
The massive Washington stimulus raises fears of spiraling prices. But those anxieties are off-base, bank economist Harris contends.