Asset Allocation
Market Uncertainty Prompts North Dakota Investment Board to Review Asset Allocation
Oil-fueled ‘legacy fund’ goes under the microscope.
News Archive: Feb - 2019
Investors Are Starting to See the Positive Effect of ESG Investing
Screening methods may uncover alpha in small caps.
Regulation
NJ Gov Vetoes Bill, Says It Could Jeopardize State Pension
Phil Murphy rejects proposed legislation as too broad and challenging to implement.
Newsmakers
New York City is Worried About China, and the Fed
Deputy CIO fleshes out key concerns at meeting of five city pension plans.
Market Moves
Bernie Sanders and Goldman’s Ex-Chief Feud over Stock Buybacks
Vermont senator calls them wasteful, while Lloyd Blankfein lauds repurchases as an ultimate economy booster.
US Educational Endowments Return 8.2% in 2018
But long-term returns fall well below target rates for endowments of all sizes.
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
Corporate Moves
Starboard’s Smith Could Add New Toppings to Papa John’s
If the activist investor does to the pizza maker what he did with Olive Garden, expect agita.
Goldman: A Hot January for Stocks Moves into a Cooler Rest of Year
Firm says investors likely got ‘the bulk’ of their 2019 returns last month.
Newsmakers
Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
Regulation
Connecticut’s New Treasurer Pushes for Pension Shortfall Remedies
Shawn Wooden examines tapping lottery and extending bond payments to bridge huge gap.
American Century Wins 401(k) Class Action Lawsuit
Judge rules that offering employees only proprietary funds does not violate ERISA.
Court Rules Firms Can’t Skirt Pension Withdrawal Fee
Construction company owes more than $641,000 for leaving multiemployer plan.
Asset Management Culture
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Asset Management Culture
Bill Gross’ Bond King Crown Now Firmly Sits on Jeff Gundlach’s Head
As the faded master bond investor announces his retirement, the usurper keeps growing in stature.