Asset Management Culture
CalSavers Survives Legal Challenge
Appellate court rules ERISA doesn’t pre-empt the California law that created the state-managed IRA program.
News
Former Live Well CEO Convicted in $200 Million Bond Fraud
Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’
Market Moves
Is Higher Inflation Coming? Yeah, a Whopping 20%, Says Jeremy Siegel
But don’t worry, because stocks will do fine then, the noted equities fan advises.
Alternatives
Pension Fund Increases Its Blockchain Technology, Bitcoin Allocations
CIO Katherine Molnar will speak at the CIO Symposium on May 12 with CIO Andrew Spellar.
Corporate Moves
Nevada PERS to Add Another Investment Officer
Steve Edmundson will no longer be the lone investment staff member at the $53.2 billion state pension fund.
Pensions
UK’s Largest Private Pension Fund Commits to Net-Zero by 2050
The $93.9 billion USS said it hopes to reach its goal even sooner than the Paris Agreement target.
Last Chance to Sign Up for the CIO Symposium
Panels, open to CIOs and allocation investment team members, were chosen by chief investment officers to be helpful for the pandemic investing environment.
Alternatives
Demand for Office Space Shows an Uptick
But it’s still 9% behind its pre-pandemic level. Will this all translate into a rebirth for the office market?
Asset Allocation
Mubadala Goes on a Spending Spree in 2020
The sovereign wealth fund invested $29 billion into growth sectors, including in technology, life sciences, and consumer goods.
Stanford Issues Novel Sustainability Bonds
The university says it’s the first higher-ed institution to issue bonds to reduce its adverse impact on the climate, which it plans to use to start a school focused on the environment.
Pensions
UK Parliament Launches Pension Industry Climate Inquiry
A committee seeks to examine government’s pension stewardship ahead of COP26 climate conference.
Asset Management Culture
David Swensen, Yale’s Iconic Endowment Chief, Dies at 67
He pioneered the push into alternative assets, now popular among institutional investors.
Market Moves
Sell in May? Well, Maybe Rebalance, Say Two Market Sages
The fact remains that stocks historically don’t do much from now till October.
Corporate Moves
Russell Investments Changes Up Leadership Structure
Alums from Goldman Sachs and Morgan Stanley will take over positions as global chief investment officer and president.
Pensions
Ohio Retired Teachers Association Sues Ohio STRS for Transparency
The group says the $80 billion pension fund refuses to turn over public documents it needs to conduct an audit.