Asset Management Culture
Six Pennsylvania PSERS Trustees Seek Termination of Executive Director, CIO
The board members are asking that a vote of no confidence be called at Friday’s pension board meeting.
News
Alternatives
Our Expert Panel Will Explore Investing in Alts on Tuesday
FedEx’s Jeff Lewis, Conning’s Richard Sega, and CAIA’s John Bowman will cover the popular asset class in next week’s CIO webinar.
Alternatives
State Street Launches Digital Division
The new unit will be led by Nadine Chakar, head of State Street Global Markets.
Asset Allocation
Dutch Pension Giant ABP Commits to Net-Zero Initiative
The UK’s National Trust and the Church of Sweden are among other investors to adopt the Net Zero Investment framework.
Research
About That Tech Slowdown: The Big Digital Tomorrow Will Restore Its Place
Legacy stocks are leaders now, but 5G and other digital revolutions promise to return the disregarded innovators of yore to the fore again, Citi says.
IIRC, SASB Complete Merger to Form Value Reporting Foundation
Investors expect the consolidation will result in more consistent sustainability standards.
Corporate Moves
CEO of UN Principles for Responsible Investment to Step Down
Fiona Reynolds will leave after nearly nine years to return to her native Australia.
FinCEN Adviser Sentenced for Leaking Reports to BuzzFeed
The suspicious activity reports focused on subjects such as Paul Manafort and the Russian Embassy.
Market Moves
Another Taper Tantrum on the Way? Don’t Worry, Says Market Sage
Investors’ violent 2013 reaction, as the Fed eyed trimming its bond buying, is unlikely to recur these days, Leuthold’s Paulsen argues.
Pensions
Minnesota State Pension to Seek General Consultants
In addition to investment objectives, the consultants will also research ESG investing strategies, and DE&I initiatives in investment programs.
Risk
Five Charged in $2 Billion Unregistered Crypto Offering
The SEC says the now-defunct BitConnect platform advertised 40% ‘no risk’ monthly returns.
Corporate Moves
Breaking News: CBRE Global Investors Names Dominic Garcia Chief Pension Investment Strategist
Former New Mexico PERA CIO takes on newly created role at real asset investment manager.
Will a Trimmed-Down Biden Program Zap Stocks?
Investors have been expecting further stimulus to keep juicing the markets, economist Lavorgna warns.
Corporate Moves
CDPQ Takes Greater Stake in Energy Firm Énergir with $1.14 Billion Transaction
The firm is expanding and diversifying its business into renewables across North America, the Quebec allocator said.
Asset Allocation
CIOs Favor Growth Stocks, Shun Bitcoin, Goldman Sachs Survey Finds
Investment chiefs also said they were bullish on China A shares and expect inflation to peak in the first half of 2022.