A Large Equity Drawdown Would Cause Major Problems for CalPERS
Poor equity performance is the biggest risk for the largest US pension plan, review shows.
News Archive: Feb - 2019
Research
Canadian DB Pensions End 2018 in the Red
Tumbling equity markets in Q4 negated a strong first half.
New York Closes Out Year with over $15 Billion in Transactions
Private equity sees the biggest contributions, with more than $7 billion committed.
Market Moves
Nasdaq May Be Poised for a Big Rally, Tech Guru Says
Paul Meeks forecasts a double-digit advance for tech-heavy index in 2019.
Risk
Denmark Pension’s 2018 Ended Badly
ATP loses 3.2% of investment portfolio, due to global stocks and interest rates.
Newsmakers
PBGC, Sears Reach Chapter 11 Bankruptcy Settlement
Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.
US Treasury Approves Benefits Cuts for Two More Pensions
Mid-Jersey Trucking and Toledo Roofers become 11th and 12th funds cleared for benefits reductions under MPRA.
S&P 500 Companies See Pension Funding Increases in January
Among corporate plans, the financial sector achieves highest ratio, while energy and telecom lag.
Public Pension Plans Funding Grows in 2018, Assumed Return Rates Dip
Contributions remain stable, as funds face possible economic slowdown ahead.
Defined Contribution Plan Balances Tumble 10% in Q4
Market volatility drops average 401(K) holdings from previous quarter’s record high.
People Moves Roundup
SEB welcomes back a former employee, Callan makes a new ESG position, and more.
Risk
Global Equity Performance Disrupts New Jersey’s 29-Month Positive Return Streak
Investment Council also reviews private equity and real assets pacing plans through 2025.
Newsmakers
New York City Looks at Better Diversity Survey for Outside Money Managers
Pensions seek to standardize information money handlers provide in future memos.
Market Moves
ECB Won’t Hike Rates Until Late 2020, Deutsche Bank Says
Eurozone rates on hold for now, after central bank ends bond-buying program.