Corporate Moves
NYC Pension Fund-Led Group Strikes Deal With Apple on Workers’ Rights to Organize
Tech giant agrees to publish independent assessment on employees’ rights to unionize.
News
Research
Recessions May Be Mild, but Market Reactions Aren’t
BlackRock forecasts a 1% economic contraction this year. The question: How will investors respond?
PBGC Approves 2 More Supplemental Assistance Applications
The Teamsters Local 641 and Graphic Communications International Union pensions will both receive supplemental assistance from the PBGC.
Asset Allocation
Allocators’ Favorite Stock Buys: Battered Tech Names
Amazon, Alphabet and Tesla headed their pick lists in 3Q 2022, a study finds.
Newsmakers
CalPERS Commits $1 Billion to Boost Diversity Among Alts Managers
The pension giant is investing $500 million in both TPG’s Next Fund and GCM Grosvenor’s ‘Elevate’ strategy.
Asset Allocation
Former Problem Children, Agency Mortgage-Backed Securities, Make Case for Inclusion in Core Bond Portfolios
The catalyst investment vehicle responsible for 2008-09 financial Crisis appears to have a strong setup to perform well in 2023.
Pensions
LCP Expects Record Year for UK Pension De-Risking in 2023
Buy-in and buy-out volumes are forecast to top 2019’s record of £43.8 billion
Pensions
U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022
The Equable Institute recently released its year-end update to State of Pensions 2022, covering the funding status of public pensions across the country.
Research
Diversity Improves for Foundation Asset Managers
Some 18% of assets were managed by women- and minority-owned firms in 2022, a Knight Foundation survey finds.
Regulation
What Does SECURE 2.0 Mean for Pension Plans? Dead Trees and Migraines.
Though SECURE 2.0 primarily focuses on defined contribution plans, it also contains changes relevant for traditional pension plans.
Newsmakers
Teachers’ Retirement System of Illinois Issues RFP for Investment Consultant
The $60.7 billion pension system is seeking a firm to assist in investment decisions after RVK’s 5-year term expires this year.
Pensions
Poor December Equity Performance Reduces Pension Funding Status
Corporate pension funding statuses marginally retreat from record funding levels to end 2022.
Research
Earnings Will Stink, but Not All of Them
Despite a punk Q4 profit picture, some companies should do fine, says Bank of America.
Pensions
Florida’s Pension Posts $14 Billion Investment Loss in Fiscal 2022
Portfolio’s 6.7% loss misses benchmark by a mile, as funded ratio sees double-digit drop to 82.9%.
Risk
Looks Like Just a Quarter-Point Fed Hike Up Next
As inflation eases, investors think the central bank’s next move will be small.