Newsmakers
France Braces for Further Protests Over Retirement Age Increase
After Tuesday walk-outs, unions are calling for massive demonstrations this weekend.
News
Manager Selection
New York Common Promotes McClearn to Interim Director of Emerging Manager Program
The program’s previous manager, Anyori Hernandez, is moving on to the New America Alliance.
Manager Selection
NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
Manager Selection
Invesco, Russell Investments Name New CEOs
Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.
Asset Allocation
Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Manager Selection
Ontario Pension Giant OMERS Promotes Ralph Berg to CIO
After the April 1 transition, current CIO Satish Rai will remain as an adviser until he retires in 2024.
Research
Silver’s Price Growth Is Outpacing Gold: A Good Economic Sign
One factor that gives silver a boost is its use in renewable energy products, DataTrek says.
Pensions
Bipartisan Bill Aims to Restore Delphi Retirees’ Pension
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
Newsmakers
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Newsmakers
Biden Backs Debt Ceiling Increase, Proposes Higher Tax on Buybacks
President pledges to protect Social Security and Medicare and asks Congress to 'finish the job' on many of his priorities.
Regulation
Labor Secretary Marty Walsh Will Leave Post for NHL Players’ Association
The NHLPA has not yet voted on a new executive director, but Walsh is expected to be approved in the coming days.
Research
UBS: Why Emerging Markets Should Romp—and It’s Not All China
Changes in inflation, interest rates and the dollar are expected to factor into an EM resurgence.
Regulation
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
Manager Selection
Former Goldman Sachs President Schwartz Selected as New Carlyle CEO
Harvey Schwartz takes over at private equity behemoth Carlyle Group on February 15.
Pensions
Public Pension Funding Status Rose in 2022, NCPERS Says
The figure climbed to 77.8%, up 3 percentage points from the year before, a survey shows.