News

Pensions January 30, 2023

How to Boost Diversification, From 2 Wise CIOs

Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.

Research January 30, 2023

M&A Deals Predicted to Increase in 2023, Survey Shows

Katten survey indicates that with companies holding large amounts of unallocated capital, middle-market private equity dealmakers see financial services, technology and insurance acquisitions as big opportunities for 2023.

Pensions January 30, 2023

Swiss Pension Fund Publica Lost 9.6% in 2022

The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.

Newsmakers January 27, 2023

25 States and 3 Fossil Fuel Industry Actors Sue to Block DOL Rule Permitting ESG Investing

The lawsuit seeks an injunction against the rule, set to take effect Monday, which would allow ESG considerations in retirement plan investment decisions.

Regulation January 27, 2023

PBGC Bails Out 2 Construction Pension Funds

Pension plans for ironworkers in Alaska and plasterers in Oregon will receive assistance.

Manager Selection January 27, 2023

International Paper Promotes Tusch to Oversee Pension and Savings Plans

Current Deputy CIO Carol Tusch is replacing Bob Hunkeler, who will retire at the end of the quarter after leading the investment office of International Paper for 26 years.

Manager Selection January 27, 2023

Pitcairn Family Office Names Sonnenberg as New CIO

Former CIO Rick Pitcairn moves into a newly created global strategy role.

Pensions January 27, 2023

JPM: Reopen Corporate DB Plans or Stop Closing and Freezing Them  

Sponsors no longer need to block new workers from defined benefit pensions, as the programs are an advantage, says a study.

Newsmakers January 27, 2023

NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks

Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.

Regulation January 26, 2023

SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal

If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.

Regulation January 26, 2023

No Smoke and Mirrors Here: Good ESG Ratings Help Stock Prices, Bad Grades Hurt Them

In the culture wars’ latest front, how sustainable principles affect equities is a burning topic addressed in a recent research study.

Newsmakers January 26, 2023

State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling

They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.

Research January 26, 2023

ESG Themes to Be Aware of in 2023

Top concerns for ESG investing in 2023 include net-zero emissions targets, employee well-being and data scarcity, according to one annual global outlook.

Research January 25, 2023

Ash Williams: Passive Investing’s Use Is an ‘Illusion’ That’s Now Dispelled

It’s a creature of another time, and active management is needed for today’s challenges, the investment legend argues.

Research January 25, 2023

OCIO Industry Set for Strong Growth, Alts Expansion

One out of four asset owners expect to use an outsourced chief investment officer in the next two years, says report.