Research
PBGC Pension Programs Continue Divergence
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
News
Corporate Moves
WK Kellogg CIO Joel Wittenberg to Go into Consulting
The philanthropy has launched a search for a replacement.
Market Moves
Will a Santa Claus Rally Grace This Yuletide?
Forget the 12 days of Christmas: Today marks the beginning of the traditional year-end market jump, LPL says, if it happens.
Coronavirus - COVID-19
COVID-19 Spurs Economic Policy, Investment Trends Acceleration
While some changes induced by the pandemic will fade away, others are here to stay.
Regulation
SEC Lawsuit Against Ripple Could Rattle Crypto Exchanges
Creator of third-largest cryptocurrency, XRP, sued over alleged $1.4 billion unregistered offering.
Asset Management Culture
Dalio Forges ESG Partnership with French Firm
His Bridgewater hedge firm and Lyxor will offer climate-friendly investing vehicle in Europe in 2021.
Asset Allocation
Public Pension’s Share of Government Spending More Than Doubles in 16 Years
Percentage of state and local spending on pensions jumps to 5.2% from 2.3% between 2002 and 2018.
Pensions
Rhode Island Pension Fund Surpasses $9 Billion
State pension fund earns nearly $573 million in November after losing 1.09% in October.
Alternatives
GIC Snaps Up Logistics Assets in India, UK
The Singapore sovereign wealth fund entered two joint ventures this month to acquire and develop warehouses and distribution centers in major commercial hubs.
Asset Allocation
NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.
Asset Allocation
Endowments Should Hold on to Value Assets, NEPC Says
Growth assets and strong manager selection have helped endowments outperform this year.
Coronavirus - COVID-19
CEO Charged in Rapid COVID-19 Test Scam
Decision Diagnostics’ stock soared 1,500% in less than two months on allegedly false claims of a 15-second COVID-19 test.
Opinion
Opinion: Active Ownership and Fund-Level Reporting Are Key to Combating Greenwashing
Sarah Bratton Hughes, head of sustainability, North America, at Schroders, says it’s imperative to increase transparency and standardize reporting for ESG investments.
Market Moves
Market Already Has Priced in Good 2021 Earnings, Says Moody’s
Profit forecasts are heady for next year, after 2020’s bust. But it won’t boost stocks much, John Lonski says.
Asset Allocation
GPIF Invests $12.5 Billion in Morningstar, MSCI ESG Benchmarks
The Japanese pension giant has already started passively investing with the two US index providers.