News Archive: Jun - 2021
Jerome Powell Has the Worst Fed Day Record for Stocks
S&P 500 returns are mainly negative on day he announces decisions; not so for prior chairs.
The Public Sector Pension Investment Board Gains 18.4% in FY2021
An extraordinary recovery in the capital markets netted the Canadian allocator double-digit earnings.
Sanofi Agrees to Bolster Pension, Match Dividends with Plan Contributions
TPR pressures French biopharmaceutical company to boost UK defined benefit plan funding.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.
Why the Fed Won’t Tighten Soon: Too Much Unemployment, Says Strategist
GIC and Equinix to Pump Extra $3.9 Billion into Data Centers
Air France–KLM Completes De-Risking of Pension Plans
The airline struck a deal with five unions to convert a ground crew pension into a defined contribution plan.
Despite Market Rebound, Rising Unemployment Hurt Public Pensions
Greater Breadth Will Pull Stocks Out of Sideways Pattern, Stovall Says
As the tech stars dim, other sectors are charging upward, thus triggering the next breakout, CFRA sage declares.
Maine Becomes First State to Pass Fossil Fuel Divestment Bill
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
Moneta Taps Aoifinn Devitt as CIO
Former CIO of the Chicago Policemen’s Annuity and Benefit Fund becomes the first woman to manage the firm’s portfolio.