Pensions
Trade Association Says UK COVID Bill Could Hurt Pension Industry
The PLSA warns of ‘unintended negative consequences’ for pensions of insolvent firms.
News
Asset Allocation
Ray Dalio Fund’s Assets Tumbled 15% During Pandemic Crash
The world’s largest hedge fund took a long tilt in its positions leading up to the market dive, underestimating the coronavirus threat.
Risk
Attack of the Zombies: Potential Deadbeats Are Almost 20% of Companies, Says DB
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Asset Allocation
T. Rowe Study: Rebalancing Even in a Market Fall Is Vital
Sticking with a plan to regularly overhaul asset allocation is always a good idea, says the money manager.
Pensions
Tesla and Walmart Under Pension Fund Fire on Board Pay and Opioid Sales
The automaker has been sued by the Detroit Police and Fire retirement system over big payouts, and the retailer by the Detroit plan and a Norfolk County (Mass.) plan on how it distributes the drug.
Opinion
Op-Ed: Social Unrest and a Daughter’s Call to Action
How can institutional investors help correct racial injustices? Tony Waskiewicz wants to know how asset allocators will take action.
Regulation
Permission to Tap 401(k)s Worries SEC Chief
New penalty-free retirement plan withdrawals, meant as recession relief, may result in too-risky investing, Jay Clayton says.
Asset Management Culture
Tesco Pension Investment Chief Steven Daniels to Retire Next Year
Deputies Danny Firth and Jenny Buck will take over his dual roles as chief executive and investment chief at the British supermarket giant.
Asset Management Culture
NYC Pension Head Calls on GM to Disclose Lobbying Practices
Scott Stringer accuses automaker of privately working against climate policies it publicly supports.
Corporate Moves
Exclusive: Raphael Arndt’s Ascension to CEO of the Future Fund
Arndt discusses with CIO his leadership strategies focusing on the democratization of intelligence and empowering individuals within the fund.
Market Moves
How Little-Guy Investors Bested the Pros by Riding Popular Iffy Stocks
Goldman Sachs study shows that, since this year’s low point, ordinary market players shot past the smart money, 61% to 45%.
Coronavirus - COVID-19
Roller Coaster Markets Don’t Dampen Investor Optimism
Despite whipsaw market volatility, financial professionals expect only modest declines in 2020.
Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.
Asset Allocation
Pandemic Spurs Growth in Health Care Technology Venture Capital Deals
2020 on pace for record year as health-tech deals rise 76% to $8.2 billion during first quarter.
Regulation
SEC Swats Away COVID-19 Scammers
Pandemic keeps regulator busy protecting investors from flood of fraudulent claims.