Research
How COVID-19 Will Change the Investing Landscape
CPPIB says it’s critical for long-term investors to understand ‘generational shifts’ caused by the pandemic.
News
Asset Management Culture
Shakeup at Australia’s AMP over Sexual Misconduct Allegations
Board Chairman David Murray leaves, along with another director, as Boe Pahari steps down as AMP Capital’s new CEO, after uproar over Pahari’s promotion in light of 2017 harassment complaint against him.
Asset Management Culture
China OKs BlackRock, Temasek Joint Wealth Management Venture
The decision was approved by the country’s banking regulatory authority in the first half of the year.
Alternatives
FCA Authorizes Archax as First Digital Securities Exchange in UK
The firm already has 35 digital issuances in place.
Market Moves
Say What? Long-Time Bear Becomes Bullish on the Economy
Growing household savings and unspent stimulus money buoy David Rosenberg, former Merrill economist.
Pensions
Local Government Pension Funded Ratios Hold Steady Amid COVID-19
But financial strains on governments could make it harder to pay required contributions.
Research
Do Sweeter Benefits Deter the Unemployed from Job Seeking?
Nope, a Georgetown economist’s study concludes—and they let people get new work better suited to them.
Risk
Five Charged in Fraud, Money Laundering Related to Cryptocurrency Ponzi Ring
Scammers allegedly used investor funds to buy cars, jewelry, and luxury homes.
Market Moves
This Rally Will Last a Long Time, Invesco Predicts
The economy and the stock market should be able to overcome the virus, say the firm’s strategists.
Newsmakers
New York Pension Plan Names Navyug Patel Deputy Investment Chief
He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.
Coronavirus - COVID-19
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Pensions
Maryland State Pension Returns 3.6% in FY 2020
Fund beats its benchmark to raise its asset value to $54.8 billion.
Market Moves
The Market’s Reaction to a Delayed Vote Conclusion? Not Good, Says UBS
The 2000 ballot-count mess teaches that stocks will slump and volatility will rise. But there’s a bright side.
Asset Allocation
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Coronavirus - COVID-19
Norway’s Sovereign Wealth Fund Loses $21 Billion in First Half
The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.