Alternatives
Temasek Joins Facebook-Backed Libra Association
The Singapore sovereign wealth fund is the first government-owned entity to join the blockchain project.
News
Alternatives
ESG Proves to Be Safe Haven During Times of Turmoil
Research from BlackRock, Bank of America shows ESG outperformed during Q1 market meltdown.
Market Moves
Stocks Now Are the Spittin’ Image of 2009, Morgan Stanley Strategist Says
And ’09 was the rebound year from the financial crisis bear market, Michael Wilson notes, meaning we’re in for a bullish stretch.
Pensions
Goldman Sachs Estimates Public Pensions Now Less than 60% Funded on Average
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
Coronavirus - COVID-19
US Corporate Pension Funded Ratio, Risk Transfer Costs Decline in April
Falling discount rates strike again, negating the market rebound for corporate DB plans.
Corporate Moves
Texas A&M Foundation Taps Michael Pia for CIO
The former Texas TRS managing director will oversee the roughly $1.9 billion university endowment.
Corporate Moves
CalSTRS Searches for Director of Investment Services
The position on the senior investments team will replace COIO Debra Smith, who retired this month after 24 years at the fund.
Alternatives
Alternative Investors Target Health Care, Logistics, Shun Real Estate
Managers see short-term disruption from pandemic but are optimistic about the long term.
Regulation
SEC Appoints Receiver for Florida Firm Charged with Fraud
TCA Fund Management allegedly falsely inflated asset values by $130 million.
Asset Management Culture
Exclusive: Oklahoma Police Pension Employees Return to Office
Staff members will follow sanitation and social distancing protocols required by the state, the executive director said.
Market Moves
Forget about Inflation, Deflation Is the Real Threat, BofA Says
The massive Washington stimulus raises fears of spiraling prices. But those anxieties are off-base, bank economist Harris contends.
Regulation
Morningstar to Pay $3.5 Million SEC Conflict of Interest Penalty
Analysts conducted both sales and ratings operations, the US securities regulator said.
Asset Management Culture
Norway Pension Giant Dumps Nearly $3 Billion in Coal, Oil Stocks
However, weak krone erases over $438 million in value from now-excluded holdings.
Pensions
Public Pensions Plans Decline Over 13% in First Quarter
Wilshire TUCS says quarterly performance is worst in 40 years of tracking public plans.
Newsmakers
Why Paul Tudor Jones Sees a Bright Future for Bitcoin
To trend-spotting hedgie, the cryptocurrency is ‘the fastest horse,’ so he buys its futures.