NY State Pension Misses Target with 2019 Return of 5.3%
Private equity helps raise fund’s asset value to $210.2 billion.
News
Diversity Not a Priority for Asset Managers
Report finds that interest and concern have not translated into action.
Allocators in Emerging Markets Find Big Outperformance in Small Packages
Smaller, specialized investments in managers and opportunities is a pathway to outperformance in emerging markets.
Market Moves
Earnings Recession Is a Non-Event: 1Q Results Are Flat
Strong economy overcomes predictions of a down quarter and may push up profits ahead.
Regulation
Switzerland OKs Tax and Pension Reforms
Referendum ends lower taxes aimed to attract foreign companies and boosts contributions to the state retirement system.
Newsmakers
Ohio PERS to End Emerging Manager Program
Fee savings not enough for CIO Paul Greff to continue effort to enlist newcomer firms.
Newsmakers
New Bill Would Make Matching Pension Contributions with Student Loan Repayments
Senate Democrats’ new proposition could benefit pension contribution rates around the country.
SEC Settles Charges Against Blockchain Investor
Canada’s NextBlock allegedly misled investors as to who was advising the company.
Market Moves
Trump Might Win Reagan-Style Victory over China, Says El-Erian
Allianz economist thinks the president can create a new international dynamic while winning trade war.
Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Newsmakers
10th Annual CIO Summit Insights Wow Attendees
ESG, tech, farmland, and geopolitics among top talks at this year’s two-day event.
Corporate Moves
UK’s Largest DB Plan Gets New CEO/CIO
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
CalPERS Private Equity Co-Investment Plan Could Be Announced Next Month
CalPERS stopped its co-investment program in 2016. Now CIO Ben Meng wants a restart.
Regulation
Chicago Sues State Comptroller over Pension Intercepts
City funds have been diverted to local pensions over alleged unpaid contributions.
News
Oregon Democrats Offer Pension Peace Treaty to Revolting Republicans
Newly proposed pension reform offers a new path to funding the troubled PERS.