Manager Selection
World’s Largest Pension Fund’s CIO Hiromichi Mizuno Exits
Japan’s $1.6 trillion Government Pension Investment Fund will see its investment chief depart soon after five years in the job.
News
Coronavirus - COVID-19
New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19
Economic impact of virus could lower state pension valuation.
Manager Selection
Norway’s Sovereign Wealth Fund Selects New Chief Executive
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
Coronavirus - COVID-19
Are Stocks a Bargain Buy Worth Taking?
Value star Bill Nygren thinks so. Hey, despite that latest pop-up, the market is still way down last month’s peak.
News
Coronavirus News for CIOs
Focused analysis of market movements, business challenges, and legislative and regulatory actions.
Asset Allocation
Bridgewater Scales Back European Shorts After Cashing In
Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.
Coronavirus - COVID-19
US Public Pensions Lose $1 Trillion from Market Crash
Moody’s says governments are in a worse position to smooth costs than during financial crises.
Asset Management Culture
AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Coronavirus - COVID-19
Coronavirus Crisis Is ‘Crushing’ Global GDP Growth
Fitch Ratings slashes global growth forecast nearly in half to 1.3%.
Pensions
Oregon Selects New CIO to Replace Skjervem
Rex Kim has been announced as the Oregon State Treasury’s new investment leader.
Asset Management Culture
Exclusive: San Francisco’s CIO Calls Allocators and Industry Leaders to Action during Pandemic
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
Asset Management Culture
New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
Asset Management Culture
BlackRock to Hold Directors’ Feet to the Fire
World’s largest asset manager will seek to oust those who don’t meet the firm’s sustainable criteria.
Coronavirus - COVID-19
New York Expects ‘Sharp Fall’ in Wall Street Bonuses
Commissions in the securities industry have dropped during other financial crises. In 2008, they fell 47%.
Coronavirus - COVID-19
S&P Global Forecasts Global Recession Due to Coronavirus
China is a barometer for what the rest of the world can expect in the downturn, firm says.