Risk
The University of California Pension Fund Lowers Expected Rate of Return
The giant fund is succumbing to lower inflation assumptions.
News Archive: Oct - 2019
Research
Pension Debt Accounts for Over Half of All Debt for US States
The best, the worst, and the unfunded liabilities totaling $824 billion, according to report.
Meridian Capital Founder Pleads Guilty to Conspiring to Commit Fraud
John Geraci admitted to misappropriating clients’ investments.
Risk
New General Electric CIO Freezes Pension Fund
The new chief investment officer has been overseeing the underfunded plan for two weeks.
Asset Allocation
Cornell, Penn State Endowments Return 5.3%, 7.7% for Fiscal 2019
Cornell endowment hits record $7.3 billion, Penn State tops $3.1 billion.
Risk
Michigan Pension Fund Seeks Benefits Reduction
Detroit Carpenters plan to become insolvent in 15 years without government intervention.
Asset Allocation
Tumbling 10-Year T-Note Yields Have Lower to Go, Moody’s Says
Now 1.51%, the research unit says it could slide to between 0.5% and 1% in a recession.
Newsmakers
Breaking News: CalPERS Board President Henry Jones Beats Challenger
Jones beat former board member J.J. Jelincic in a heated race that dealt with CalPERS investment policy and past sexual harassment charges
Falling Bond Yields ‘Warning Sign’ for Canadian DB Plan Sponsors
Aon says the window for de-risking opportunities ‘seems to be closing.’
Blockchain Firm to Pay SEC $24 Million for Unregistered ICO
US investors participated in ICO in which had not been approved by the regulator.
Asset Allocation
Norway’s Pension Fund Divests from Upstream Energy Companies
The Scandinavian country is the latest entity to run scared from oil-dependent firms.
Alternatives
GPIF’s Hiromichi Mizuno’s Term Is Extended for Six Months
The radical investment officer will continue his charge to change the world.
UK Bank Touts Venture Capital, Growth Equity for DC plans
British Business Bank says alt assets could boost returns, reduce volatility.
Trump Administration Proposes Further Scrutiny of Foreign Investments in the US
New rules seek to protect the country’s critical infrastructure, technology, and sensitive personal information of citizens.
The Case for a Good 4th Quarter in the Market
Final period is the strongest, especially when the S&P 500 is up over 15% for the year, LPL’s Detrick says.