Research
ICPM Gives Top Research Award to Paper Exploring Active vs. Passive Investing
Research awards were also granted to papers covering climate risk and sustainable investing.
News
Regulation
SEC Cybersecurity Rules Require Major Compliance Efforts
Experts say regulations adopted last month will not be easy to meet without added resources and focus.
Pensions
UK Tribunal Upholds TPR’s Pension Contribution Notice Powers
The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.
Pensions
Saudi Arabia’s PIF Reports $16.5B Loss in 2022
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
Risk
Moody’s Surprises the Market With Bank Downgrades
Post-SVB, most thought all was well with the banking system, but the rating agency sees worrisome weaknesses.
Regulation
PBGC Issues One-Time Waiver for 4010 Filers
Pensions with a value date between October 1, 2022, and March 1, 2023, may qualify.
Asset Allocation
BDC Stocks Soar by 12.8% in 2023, Despite Risks
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
Regulation
Insurance Executives Say ERISA PRT Rule Is Enough
Only minor changes to the DOL's PRT regulation, IB 95-1, would be needed to account for changing market conditions, industry leaders say.
Pensions
AustralianSuper Adds 6 Senior Staff to London Office
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
Pensions
Improved Funding Spurs UK Pension Giant USS to Propose Lower Contribution Rates
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
Research
Hedge Funds Aimed at Ailing Companies Will Do Well, Agecroft Says
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
Asset Allocation
Illinois Police Pension Seeks Active Manager for Small, Mid-Cap Stocks
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
Asset Allocation
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
Regulation
PBGC Provides More Than $1B to 3 More Ailing Multiemployer Plans
The plans were projected to become insolvent within 10 years.
Asset Allocation
Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.