Newsmakers
Steven Meier Named CIO of New York City Pension System
He succeeds Michael Haddad to become the first permanent CIO of NYCRS since Alex Doñé left in December.
News
Newsmakers
Latest Sign of Crypto Decline: Scaramucci Bars Fund Redemptions
Despite a small bitcoin rally recently, several notable financial firms are retreating from digital currencies or running into trouble.
Asset Allocation
Despite Falling Markets, UK DB Funding Levels Continue to Rise
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Newsmakers
Is Musk Going to Get Hit by a Double Whammy?
Twitter just won a bid for an early trial, and Tesla is expected to have a not-great earnings report on Wednesday.
Risk
Many Employees Would Like More Retirement Help From Their Employers
People closer to retirement are more likely than before the COVID-19 pandemic to say they will retire beyond the age of 70, WTW survey finds.
Asset Allocation
Buffett, Who Terms ESG Reporting ‘Asinine,’ Adds to Oil Holdings
Famed investor increases his stake in Occidental Petroleum.
Asset Allocation
MSCI Launches Global Real Estate Asset Index
The Global Quarterly Property Index tracks over 20,000 real estate investments in 26 countries.
Asset Allocation
Allocators Still Skeptical That ESG Can Deliver Good Returns
Some 58% of US institutions are unsure about investment performance, a survey says.
Risk
Downturn-Spooked JPM Axes Buybacks—So Will Others Follow?
Corporations have a hefty amount of cash, so perhaps share repurchases won’t be hurt too much.
Risk
CFA Signs Up 40 Firms to Follow Its Diversity, Equity and Inclusion Code
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.
Asset Allocation
Dalio, Making the Case for Pessimism, Has Thrived This Year by Selling Short
The philosophical hedge fund honcho scored big in the first half, betting against European companies.
Asset Allocation
Canadian Pension Giant Makes Its First Foray Into Colombian Private Equity
The CPPIB invests $334 million for close to a 20% stake in food retailer D1.
Newsmakers
Ideas for Building Strong Investment Teams
Experts discussed their views of what maintaining a positive culture looks like, including how to recognize team success and how to incorporate DE&I initiatives during CIO's latest webinar.
Regulation
SEC Adopts Amendments to Proxy Voting Advice Rules
SEC leaders say the final amendments aim to avoid burdens on proxy voting businesses that may impair the timeliness and independence of their advice.
Asset Allocation
Wilshire Brings Out More Fine-Tuned Indexes
The firm is a big critic of rivals’ indexes, which it says fail to represent today’s stock market.