Home

News

Market Moves August 12, 2020

Why 3rd Quarter Earnings Might Just Romp, Sage Predicts

One-shot wonder: New stimulus money and pent-up consumer demand will fuel profits, says economist David Levy. Alas, the 4th period won’t be so hot.

Asset Management Culture August 12, 2020

Illinois TRS Executive Director Richard Ingram Resigns

Ingram steps down after being placed on administrative leave due to ‘performance issues.’

Pensions August 12, 2020

New York Common Fund Returns 10% in First Quarter

After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.

Market Moves August 12, 2020

UK Corporate Pension Funding Falls in July

Aggregate deficit of the PPF 7800 has more than tripled over the past year.

Corporate Moves August 11, 2020

Norges Bank Board Defends Chief Executive Pick, Again

At a parliamentary hearing, the board governor helped the hedge fund manager Nicolai Tangen, under fire since his appointment.

Research August 11, 2020

Despite Robust Returns, US Corporate Pension Funding Falls in July

Record-low discount rates erase 2.85% asset gains for the month.

Pensions August 11, 2020

CDPQ Loses 2.3% in First Half of 2020, Misses Benchmark

However, the C$333 billion pension beat its benchmark over the past five and 10 years.

Market Moves August 10, 2020

Seth Klarman’s Diagnosis for the Market Rally: Virus-Prompted Impatience

Investors, cooped up and eager for normality’s return, are mistakenly bidding up share prices, he contends—and it won’t end well.

Regulation August 10, 2020

SEC Charges Texas CEO with Swindling First Responders

Many of the alleged victims scammed out of retirement funds were former San Antonio police officers.

Risk August 10, 2020

New York Comptroller and Colorado Pension Fund Named Lead Plaintiffs in Boeing Suit

The two collectively hold around $200 million in shares in Boeing, which they charge with ignoring safety issues around the 737 MAX for years.

Pensions August 10, 2020

Public Funds Lead Institutional Investment Rebound

Funds with significant exposure to equities outperformed during the second quarter.

Newsmakers August 7, 2020

CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure

At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.

Newsmakers August 7, 2020

John Powers, Former CEO of Stanford Management Company, Dies at 67

He helped grow the university’s endowment by nearly $10 billion over nine years.

Asset Allocation August 7, 2020

Liking Gold’s Ascent? Just Wait for the Plunge, Study Warns

Duke’s Campbell Harvey charts the wacky ups and downs of the precious metal.

Research August 7, 2020

Corporate Pension Plans’ Funded Status Dips for First Time Since April

A surge in liabilities from low discount rates dropped aggregate ratios 1.3 percentage points to 79.9%, Wilshire says.