CDPQ Returns 8.3% in Five Years, Beats Benchmark
Six-month returns fall short due to weak real assets performance.
News Archive: Aug - 2019
Passive Makes Active Aggressive
Index-tracking trend forces active managers to cut fees to compete.
Oil Prices Are in the Dumps, but Why?
The market thinks the trade war will ax demand, which is pretty good now.
Risk
British American Tobacco in £3.4 Billion Pension Buy-In Deal
Fund is fifth FTSE 100 pension plan to complete risk transfer transaction in 2019.
Newsmakers
Energy Institute Blasts BlackRock for Fossil Fuel Losses Despite Renewable Energy Efforts
Report maintains BlackRock lost $90 billion over the past decade due to fossil fuel investments; firm says conclusions are ‘misplaced.’
Corporate Moves
US Steel Names Bryan Lewis to Newly Created CIO Role
Lewis joins firm just three days after officially stepping down as Penn SERS CIO.
News
Exclusive: Minnesota CIO’s Strategy Remains Unchanged After Turbulent Markets
Mansco Perry III discusses his formidable long-term strategy.
Market Moves
Another Trump Tariff Hike Would Spark a Recession, Morgan Stanley Says
If the US lifts the levy to 25% on all Chinese imports, firm sees worldwide economic downturns.
UK’s FCA Proposes Ban on Contingent Pension Transfer Fees
Regulator says lucrative transfer incentives create conflict of interest for advisers.
US Defined Benefit Plans Rise in Q2, Recoup Losses from Q4 2018
The 100 largest US public DB plans saw a $50 billion rise in funding during the quarter.
Regulation
Senate Holds Hearing on Digital Currencies, Blockchain
Crypto proponents argue current banking system is inefficient and exclusionary.
Regulation
CalPERS Board Considers Gag Policy
Once investment decisions are made, board members would be prevented from talking to the press and expressing their views at board meetings.
New Tariffs May at Last Be Affecting the US Economy
Trump’s extension of levies to Chinese consumer goods show an impact in manufacturing and may tick up inflation.
Newsmakers
Japan’s GPIF Shows Small Gain, Recovering from Prior Losses
In June-ending quarter, foreign stocks helped overcome weakness at home.
Asset Allocation
CalSTRS Takes a Look at Other Allocation Options
Pension identifies six potential asset allocations for $236.9 billion portfolio.