News Archive: Sep - 2019
Adviser Charged with Defrauding NFL Players with Brain Injuries
SEC alleges Phillip Howard took advantage of ‘vulnerable investors’ to line his pockets.
Swedish Pension Fund AP2 Returns 10.7% in First Half
UK Firm Shuttered Over Pension Plan Mismanagement
Ecroignard Trustees was accused of investing in risky, illiquid vehicles.
Fewer Deaths May Mean Increased Pension Liabilities
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.
New York Cuts Investment Return Assumptions to 6.8%
DiNapoli says a ‘more conservative approach’ needed for lower return environment.
Senators Call for US Gov’t Pension Fund to Reverse “Short Sighted” China Investment
They say federal employees’ retirement savings will be used to fund Chinese military.
Auditor Says Kentucky Pensions Not Compliant with Transparency Laws
KRS says the report is ‘highly flawed’ and ‘unfairly slammed’ its efforts.
CalSTRS Investment Staff Wants Stock Reductions
The volatility of equity markets means CalSTRS staff wants to be less dependent on stock investments.
Ontario Teachers Tags With Alphabet to Launch Tech-based Infrastructure Company
New firm spun out of Google parent’s urban innovation business.
SEC Charges ‘Guru’ in Alleged Fraudulent Digital Token Offering
Exclusive: How a More than $50 Billion Bet Boosted CalPERS Returns
A large move into equity factor investing was key for largest US pension.
Public, Church Pension Plans Face Similar Challenges
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
Hedge Fund CEO Arrested in Alleged $105 Million Fraud
Charges against Brenda Smith could bring maximum of 100 years in prison.