Asset Allocation
Stocks and Bonds Should Come Back in 2023, Says Cambridge Associates
The consulting firm explains why, even with a recession, it will pay to overweight equities.
News
Newsmakers
Guggenheim CIO Scott Minerd Dies
A leading figure in fixed income, he joined the firm at its outset.
Pensions
Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman
The 100 largest public pensions’ aggregate funded level now totals 74.7%, as of the end of November, advancing from 71.6% the prior month.
Newsmakers
Boogeying Norges Bank: Holiday-Party Goers Celebrate Finances
In video, staffers illustrate investment terms in festive interpretative dance.
News
How to Thrive Amid the 2023 Junk Bond Slump
What to invest in, both before and during the recession, per high-yield expert Martin Fridson.
Manager Selection
New Jersey Secure Choice Savings Program Names First Executive Director
After a nationwide search, former EBSA executive Todd Hassler was appointed to head the state program.
Newsmakers
EBRI’s Lori Lucas Cites DEI and Accessibility Work as She Prepares to Retire
Increased access to retirement institute's data and research are among proudest accomplishments.
Pensions
US Workers Could See a Reduction in Promised Social Security Benefits by 2034
CBO forecasts 23% Social Security shortfall if no tax increases, benefit cuts or some combination are made before then.
Pensions
Barclays’ UK Retirement Fund Closes $8.1 Billion Longevity Risk Deal
The pension fund aims to hedge against any unexpected rise in life expectancies.
Research
NBER Study Reviews Corporate Governance Implications of Indexing
As passive fund assets totaled $5.743 trillion in the U.S. in 2021, academic research explores how passive funds employ investment stewardship.
Asset Allocation
Remember When We Thought it was Transitory?
Principal’s Jablonski sketches out why rising interest rates are investors’ friends in 2023.
Risk
What Risks Worry Financial Pros the Most?
The market’s course is their chief anxiety producer, a Bloomberg survey finds.
Asset Allocation
Stagflation Fears Have Pensions, Sovereign Wealth Funds Eyeing Alts
Facing an economic slowdown and higher inflation, institutional investors are turning to real estate, infrastructure.
Market Moves
Inverted Yield Curve Passes Danger Line
With the spread between short and long rates upside down for more than 15 straight trading days, that portends a recession for sure by August, Bespoke warns.
Risk
Recession Be Damned: Why Mike Mayo Thinks U.S. Bank Stocks Will Do Well
Bank of America and others should surge 50% next year, gadfly analyst says.