Asset Allocation
Why Former Bond King Bill Gross Says Treasury Yields Will Double
High inflation won’t abate soon, he says in new book, which also covers his ill-starred history after PIMCO.
News
Asset Allocation
Here Are the Biggest Trades that CalPERS and CalSTRS Made in Q4
Both pensions are keen on Microchip Technology Inc.
Newsmakers
Former Trump Adviser Sentenced for Soliciting Loans for Potential White House Role
Stephen Calk issued millions of risky loans to Paul Manafort in exchange for an economic adviser position on the Trump campaign.
News
Markets Gyrate as Russian Forces Up the Ante
Stocks dip as refuges, such as Treasuries and gold, rise.
Newsmakers
High Inflation Leads to Expensive Cost-of-Living Adjustments for CalPERS and Others
This will be CalPERS’ biggest increase in pension payments in 32 years.
Newsmakers
Global Pension Funds Shun Russian Investments
Norway’s $1.3 trillion sovereign wealth fund, among other pension funds, will freeze and divest Russian investments.
Asset Allocation
U.S. Pension Funds Scramble to Figure Out What to Do With Russian Investments
Colorado has already divested from its Russian investments, while CalPERS, CalSTRS and others mull their options.
Risk
Warning: Tossing Russian Banks From the International System Could Backfire
Credit Suisse says removing the lenders from SWIFT may lead to problems similar to the 2008 and 2020 panics.
Newsmakers
Funded Ratio for US Corporate Pensions Tops 100% Despite Market Drop
Multiemployer pension plans’ funded level rises to 91% at year-end 2021.
Risk
No, War Won’t Make the Fed Ease Off Rate Hikes, Says Goldman
Higher inflation will trump any geopolitical problems, the firm believes.
Newsmakers
Michigan House Considers $1.5 Billion in Grants for Local Pensions
The bill is targeted at underfunded pensions throughout the state.
Newsmakers
Sustainable Funds See Record-Breaking Year in 2021
ESG funds attracted nearly $70 billion in net flows last year, a 35% increase from 2020.
Risk
Will the Russian Invasion Hold Back the Fed’s Tightening?
Maybe it won’t jump by 0.5 point. Amid new worries about the world economy, questions swirl about how high the central bank will go.
Asset Allocation
Green Fossil Fuel Companies: Are They Possible?
The data so far seems grim, with one notable exception.
Newsmakers
Tech Companies, Not Factories, Are Getting the Capital Spending Dollars Now
New reports shed light on the phenomenon.