Asset Management Culture
Pandemic Creates Watershed Moment for Sustainable Investing
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
News
Market Moves
Both Trump and Biden Will Bring Higher Corporate Taxes, PwC Survey Says
A daunting 70% of execs polled think either candidate will boost business levies to help pay for the added trillions in federal relief spending.
Asset Management Culture
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
Pensions
PBGC Multiemployer Program to Become Insolvent by 2026
Agency warns that without legislation, it won’t be able to provide financial assistance to 1,400 plans.
Regulation
Hollywood Runs Afoul of the SEC
Financial regulator settles charges with movie financier, producer, and actor/rapper in two separate cases.
News
Oregon Integrates ESG Formally into Investment Policy
But the amended guidance specified that sustainable investing should not interfere with the system’s fiduciary duty to its beneficiaries.
Asset Allocation
North Carolina State Pension Hits Record $108.5 Billion Market Value
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Pensions
Ohio Teamsters Pension Fund Seeks Benefits Reduction
The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.
Market Moves
Remember Those Rate Increases? Big Mistake, Two Fed Governors Now Say
Richard Clarida and Lael Brainard say economic growth would have been stronger without the 2015-18 hikes.
Asset Allocation
Sustainable Water Fund Attracts $100 Million from Temasek, Microsoft
Clean technology firm Emerald Technology Ventures will invest in early- to expansion-stage businesses that address global water challenges.
Regulation
Sustainability Leaders to Work on Common Corporate Reporting Standard
The group of five firms is responding to criticism that inconsistent disclosures make ESG reporting confusing.
Pensions
US Corporate Pensions See Largest Monthly Funding Gain Since 2003
Funding boost helped by combination of robust investment gains and rising discount rates.
Nominations Open for the CIO Power 100
Success stories sought for a truly unusual year.
The Fed Will Trigger Hot-Running Inflation, Druckenmiller Warns
In four years or so, due to loose monetary policy, the CPI will be jumping by 5% to 10%, the renowned financier says.
Risk
Climate Change Poses ‘Major Risk’ to US Economy, Says CFTC Report
Combating threat will require public and private investments ‘in the trillions of dollars.’