Research
Huge Investment Gain Boosts Corporate Pension Funding by $12 Billion
Over 5% return in November helps raise funded ratio of 100 largest corporate pensions to 86.2%.
News
Risk
SEC Charges Firm for Targeting Haitian-Americans in Alleged Fraud
The CEO told investors their money would help to fund agriculture, renewable energy, and ecommerce projects in Haiti.
Coronavirus - COVID-19
US Public Pensions’ Funded Ratio Declines More Than 2% in 2020
Despite funded levels falling to 70.7%, the 100 largest public plans have ‘shown great resiliency’ in the face of the pandemic.
Asset Management Culture
CalSTRS Pressures Exxon to Be More Climate-Friendly, Backing Outside Directors Slate
The nation’s second-largest pension fund joins an activist investor in proxy push to elect four board members.
Market Moves
Vaccines and Pent-Up Demand Will Jazz Stocks, Says Paul Tudor Jones
Trend-spotter hedge fund titan predicts an economic ‘explosion’ in the 2nd quarter.
Asset Allocation
Penn SERS Redefines Fixed-Income Allocations in Liability-Driven Push
Board also approves $125 million in new private equity, real estate investments.
Corporate Moves
Mercy’s DCIO Elizabeth Jourdan Heads to Granger
She will move to the New York family office after spending five years at the Catholic health system.
Market Moves
The Market’s November Was Spectacular, So December Will Be … Down?
An LPL historical study shows the tricky dynamics for stocks in the year’s final two months.
Pensions
State Contributions Worry Kentucky Trustees Once More
At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.
Pensions
Kroger to Pay Nearly $1 Billion to Ditch Multiemployer Plan
Supermarket operator will fork over $962 million to withdraw from UFCW International Union–Industry Pension Fund.
Regulation
Lawyer Gets Over Six Years in Prison for Ponzi Scheme
Todd Lahr took more than $2.7 million from his own law clients for purported Papua New Guinea mining operations and used it for personal expenses.
Market Moves
Post-Virus, It’s Back to the Way Things Were, Right? Not Quite
Investing will be somewhat different in the world after the pandemic, Capital Group says.
Regulation
Nasdaq Proposes Board Diversity Requirements
Market operator files SEC proposal to require company boards to meet certain guidelines to be listed on the exchange.
Asset Allocation
Why a Canadian Pension Fund Performs Better Than Yours
Research finds US pension funds would have performed better over a 15-year period had they used Canadian funds’ tactics.
Asset Management Culture
Carnegie Picks Mark Baumgartner as New CIO
The former IAS finance chief and rocket scientist was vetted by predecessor Kim Lew.