Risk
Q1 Earnings Slide Thought to Be Rock Bottom
The March-ending quarter is expected to book a 6.2% decline, but FactSet says analysts think this is the worst.
News
Pensions
CalSTRS Targets Carbon Emitters, Board Diversity This Proxy Season
The pension giant announces it will vote against the biggest polluters and all boards that have no women members.
Pensions
Canadian Pension IMCO Loses 8.1% in 2022
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
Asset Allocation
NYC Pension Funds Have Reduced Emissions by up to 27% Since 2019
Three of the city’s five funds are looking to reach net zero greenhouse gas emissions by 2040.
Pensions
Longer Life Expectancy Puts Pressure on Global Pension Systems
The sustainability of public pension plans comes into question, as average life expectancy is projected to rise to 77.3 years by 2050, data from Allianz shows.
Regulation
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Asset Allocation
Norway Pension Giant Seeks To Remove ‘Rotten Apples’ From Portfolio
CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
Asset Allocation
NGO Study IDs Vanguard, BlackRock as Big Climate-Change Villains
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
News
Direct Indexing Grows, but Plans Don’t Vary Much, Morningstar Says
Wall Street firms trot out their own versions or buy smaller providers to meet demand.
Regulation
Nevada Bill Marks Third Try at Establishing State-Sponsored Retirement Plan
Two previous attempts to pass similar legislation ended up going nowhere.
Regulation
Industry Consensus Begins to Emerge on SEC Market Proposals
Execution disclosure and tick-size changes are good; Reg BE and mandatory auctions are criticized.
Corporate Moves
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.
Regulation
Canada Passes Pension Bankruptcy Protection Bill
Bill will make plan members top priority when a company becomes insolvent.
Newsmakers
Australia’s Future Fund Names David Bluff Head of Private Equity
Bluff joins sovereign wealth fund after 14 years at The Carlyle Group.