Manager Selection
Shoaib Khan Appointed as CIO and Permanent Director of New Jersey’s Division of Investments
He is the first CIO to be hired after New Jersey scrapped its CIO salary cap law.
News
Newsmakers
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
Risk
Why Bother With Market Forecasts If They Usually Are Wrong?
These auguries of where stocks may be headed serve a purpose, say market savants.
Newsmakers
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
Newsmakers
You Thought Musk’s Twitter Quest Was Iffy? Check Out These New Snags
Spawning more doubts: the shortfall on its stock price, a federal probe and a pension program lawsuit.
Manager Selection
NYC’s Comptroller Is Launching an Internal Review Following Former CIO’s Move to Asset Manager
Alex Doñé must wait at least a year after leaving before he can pitch former colleagues.
Asset Allocation
State Pensions Are in the Black, But Red May Be Ahead
For state pensions, funded status has increased, but meeting return expectations may still be a challenge.
News
Saudi Aramco Jumps Past Apple to Become World’s Most Valuable Company
Oil prices are on fire, while tech’s appeal has cooled amid rising interest rates.
Regulation
Legislators and Council of Institutional Investors Voice Support for SEC Cybersecurity Proposal
One commenter cautions that public reporting could unintentionally give criminals access to sensitive information.
Asset Allocation
Passive ETFs Turn Out to Be Pretty Active
They’re often used or even constructed to be anything but index-hugging funds, a study says.
Asset Allocation
Battered Stocks and Bitcoin Are Increasingly Correlated
The closer matches between old-school and new-school assets are a switch from a year ago.
Newsmakers
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.
Regulation
Bill Would Silence Labor Department on 401(k) Investment Guidance
The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.
Newsmakers
Amid Market Gloom, Value Has Come Off Pretty Well
UBS’s Haefele says now is the time to belatedly board the low-cost train.
Manager Selection
Alex Doñé, Former NYCRS CIO, Joins Platinum Equity as Managing Director
Doñé left NYCRS after two years as their CIO.