TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.
News
Institutional Assets Rebound Slightly in Q2
Gains 0.88% after registering first loss in nearly three years during Q1.
CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Newsmakers
Kentucky Supreme Court Will Weigh Controversial Pension Bill
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
A Just-OK Stock Market for New Fed Head Powell’s First 6 Months
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.
Pension Insurance Corporation Secures BHS2 Pension Scheme
The specialty insurer saves benefits of 9,000 members by shifting them to annuities.
CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Alcoa De-Risks $290 Million in Pension Obligations
Company also makes $100 million pension contribution.
Risk
Canada’s Top Public Pension Returns 1.8% in Fiscal First Quarter
Plan now stands at $278.9 billion.
Europe Poised to Break Venture Capital Records
The nation’s VC deals and growth fundraising have been climbing to new heights since 2016.
Newsmakers
Jenny Chan Becomes CIO of Philly Children’s Hospital
She will become the new chief investment officer for the organization.
Newsmakers
CalPERS Cuts Most of Its Forestland Investment Program
Eighty percent of plan’s timber portfolio was sold at a large loss last month.
Sell in May and Go Away—Not Quite
This summer has produced a nice rally, and LPL says that portends a good run the rest of the year.
OMERS, PGGM Acquire Puget Sound Stake from Macquarie
The Canadian and Dutch pension funds collectively own a third of the electric and natural gas supplier.
Fresh Signs of Stock Market Bullishness
Polls, options, and the fear gauge all point in a sunny direction, for now.