Corporate Moves
Chicago Teachers’ Pension Fund Names Carlton Lenoir Sr. Executive Director
He leaves the Illinois Teachers’ Retirement System to replace Charles Burbridge, who departed last year.
News
Sign Up for Our Upcoming Webinar on Fixed Income
Next Tuesday, four asset allocators—from Santa Clara VTA, International Paper, Colorado PERA, and Minnesota SBI—will share their insights.
Asset Allocation
Cathie Wood Cuts China Stock Holdings, Leery of Beijing’s Crackdown
The growth stock maven thinks official persecution will squelch valuations, especially of promising tech titans.
Asset Allocation
CalPERS Reports Preliminary Return of 21.3% for 2020-21
The strong performance triggers a reduction in the assumed rate of return to 6.8%.
Regulation
PBGC Issues Interim Final Rule on Multiemployer Bailout Plan
The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.
Corporate Moves
TJ Carlson Hired as Missouri State Employees’ Retirement System’s New CIO
He will replace Shannon Davidson, who will retire in November after 25 years at MOSERS.
SEC Mulls New Sustainable Fund Disclosure Rules
The regulator’s chief says he’s concerned about the greenwashing of ESG investments.
Research
Is the 10-Year Yield Telling Us About Inflation or the Economy? Neither, Says Well Fargo
The big dip may be forecasting exactly nothing, because other factors are making it drop, the bank argues.
Opinion
Pension Funds Should Report Performance on a Monthly Basis, Markov Says
An analysis of portfolios using a returns-based lens would help some funds improve transparency, the investment researcher advises.
Regulation
SEC, DOJ Charge Hedge Fund Trader in Alleged Front-Running Scheme
Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.
Market Moves
Market Killjoys: BlackRock, Goldman, RBC, Morgan Stanley
They all see a halt to the strong stock rally—anyway the third quarter is usually the worst.
Research
401(k) Plans Need a Plan When Incorporating ESG Investing
DCIIA offers ‘tactical steps’ for integrating sustainable investing into defined contribution plans.
Pensions
CPPIB, Greystar to Form Joint Venture in US Life Sciences Development
The two investors are starting with an office and lab development project in Somerville, Massachusetts.
Market Moves
Drama Aside, Meme Stocks Are Having a Good Year So Far
Retail investors holding on to social media darlings have helped some business gain a new lease on life. But many worry that the good times won’t last.
GOP Senators Lash Out at BlackRock, State Street for ‘Left-Leaning’ ESG ‘Pressure’
Pat Toomey and Ron Johnson say firms’ CEOs are putting personal views above their fiduciary duty.