Coronavirus - COVID-19
Actuarial Projections: Virus Might Cause ‘Meaningful’ Increase in Death Rate for Elderly
An extra 300,000 fatalities for seniors could raise the figure to 4.7% by year’s end.
News
Asset Allocation
Virginia Pension Fund Returns 1.4% in 2020
Despite weak gains, $81.6 billion trust fund outperforms benchmark during fiscal year.
Asset Management Culture
Investment Chiefs Leave Kentucky Retirement Systems for Consulting Firm
The struggling pension system will search for replacements after Rich Robben, Andy Kiehl depart at the end of September.
Market Moves
Don’t Worry about an Election Outcome Delay, Goldman Says
The mechanisms are in place for the nation and the market to know pretty soon who wins, the firm’s economists argue.
Regulation
SEC Rule Change a Boon to Family Offices
New accredited investor definition will include family offices with at least $5 million in assets.
Asset Management Culture
Connecticut Treasurer and Ford Foundation Launch Diversity Coalition
A partnership of 14 firms representing about $460 billion in market cap is addressing racial economic disparities in their organizations.
Newsmakers
The Economy’s OK Without More Federal Aid, Says Fed’s James Bullard
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
Market Moves
Lessons Learned from Global Financial Crisis Help LPs Bounce Back from COVID-19
Panel at Alternative Investment Summit reveals how much things have changed since March.
Asset Allocation
Oregon, Virginia, Dartmouth Endowment Returns: Low, High, and Even Higher
The Ivy gains 7.6%, UVA earns 5.3%, and the Pacific Northwest school increases only 1.1%.
Market Moves
Pace of Private Equity, Venture Deals to Rebound, Panel Says
Technology disruptions across all sectors were just a temporary time out, create new opportunities, according to experts at an EisnerAmper conference.
Regulation
SEC Hikes Investment Commitments for Shareholders Submitting Proposals
The Council of Institutional Investors says the change jeopardizes faith in the fairness of US public capital markets.
Market Moves
Why Today’s Weaker Dollar May Presage a Trump Re-election
When the buck is down, the incumbent party usually wins, LPL Financial research finds.
Research
Boeing Is Now a Conviction Buy, Says Goldman Sachs
Despite continued woes, the aerospace giant should do well in a post-virus world, when plane deliveries resume and the 737 Max is flying, the bank contends.
Market Moves
Nasdaq 100 Is Just Halfway Through Its Plunge, Says Morgan Stanley
The firm’s Michael Wilson sees a further reckoning for the home of the biggest tech names.
Asset Management Culture
SASB Eyes Standards on Internet Content
Guidelines are expected next year on data privacy, freedom of speech, and harmful content.