Asset Allocation
Blackstone Invests $3 Billion in CDPQ-Owned Invenergy Renewables
The Quebecois pension fund will remain a majority owner, and Invenergy management will run the firm.
News
Risk
Don’t Worry: The Economy Will Boom Up Ahead, Says Dimon
Despite widespread unease, the JPM chief has faith in strong household finances and the Fed.
Newsmakers
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.
Newsmakers
San Diego’s Pension Payments Will Decrease by Over $30 Million
The city’s plan is on track to achieve full funded status by 2033.
Regulation
Stocks Keep Slipping as Fed Eyes Faster Tightening
As Powell addresses a Senate panel, Wall Street forecasts even more rate hikes for 2022.
Newsmakers
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
Regulation
The Fed Isn’t Planning to Lift Rates High Enough, Says Summers
The central bank seems too timid to really dampen today’s high inflation, the former Treasury secretary warns.
Newsmakers
Ride-Hailing Apps Drove Him to Crime, Says SEC
A taxi medallion investor hurt by the success of Uber and Lyft allegedly committed fraud to boost his stock.
New Hampshire Retirement System Director of Investments Announces Retirement
Larry Johansen has served at the fund in the role for over 12 years.
Risk
What Public Pensions Can Learn From Puerto Rico’s Bankruptcy Crisis
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
Asset Allocation
You Thought 2021 Was a Big VC Year? Ha!
A huge number of venture capital-backed companies are poised to go public in 2022, says PitchBook.
Regulation
New York Demands Political Disclosure From Twitter, Six Other Companies
Comptroller Thomas DiNapoli has filed seven shareholder proposals to force firms to reveal political spending.
Manager Selection
Iowa State Employees’ Pension Names New CIO
Sriram Lakshminarayanan replaces Karl Koch as the head of Iowa PERS’ $43.3 billion portfolio.
Risk
Uh-Oh, Consumers’ Confidence Fades, So Their Spending Should, Too, Economist Says
Natixis’ Lavorgna says people’s current high outlays can’t stay that way for long.
Newsmakers
Former CEO Gets Over 11 Years for ‘Massive’ Market Manipulation
AJ Discala was convicted of orchestrating pump and dump schemes through two reverse mergers.