Newsmakers
Q1 Earnings Are Up, But Nothing to Cheer About
While profits have kept climbing, the rate of ascent is slowing, per FactSet.
News
Manager Selection
LA Fire and Police Pensions CIO Ray Joseph Resigns
Joseph leaves after less than a year on the job due to personal reasons.
Asset Allocation
Which Hedge Funds Will Do Best With Rates Rising?
Relative value, commodities, and reinsurance are the bright spots, says Agecroft.
Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
Asset Allocation
The Old Tech FAANG Is Dulled, But a New Version Has Promise
Centered on surviving a bleaker world, Bank of America’s updated version has better market performance.
Newsmakers
Bipartisan Bill Aims to Cut Retirement Plan Costs for Small Business
Legislation would allow expenses related to changing a retirement plan’s design to be reimbursed from participants’ plan assets.
Newsmakers
Pension Risk Transfer Market Has Largest First Quarter in History
Experts predict that this trend will only accelerate throughout the year.
Newsmakers
Why the Fed’s Bond Runoff Might Not Be Such a Big Deal
Future plans are vague, and it would take years for the central bank’s balance sheet to reach its pre-pandemic level.
Asset Allocation
No Place to Turn With Stocks and Bonds Both Down? JPM Has a Solution
Swap high-yielding stocks for even better-paying bonds, the bank says.
Newsmakers
Expect Chronic Inflation, Says CIO of Singapore’s Sovereign Wealth Fund
At the Milken Institute Global Conference, institutional investors discussed rethinking their allocations, as the inflationary environment seems likely to be here for the long haul.
Newsmakers
Why Share Splits Are Hot in a Cold Market
Turns out splitting helps a stock’s price: Cue Amazon, Alphabet, and Tesla.
Newsmakers
CalSTRS Plans to Redefine ‘Diverse Managers’ and ‘Emerging Managers,’ in Accordance With New California Law
The investment committee will vote on whether to approve the recommendation at tomorrow’s board meeting.
Manager Selection
Shundrawn Thomas to Leave Northern Trust Asset Management
The asset manager’s president since 2017, he will co-found an investing firm to help female and minority business operators.
Asset Allocation
COVID-19 Forced Sovereign Wealth Funds to Prioritize Sustainability
The funds are now more focused on ESG, health care, tech, and venture capital than ever before.
News
There Is Still Time to Register for the 2022 CIO Summit
Don’t miss our in-person return, May 16-17 in Chicago.