Breaking News: Rockefeller Foundation CIO Donna Dean to Retire
Deputy CIO Chun Lai Named successor to head $4.4 billion endowment.
News
Manager Selection
NYC Comptroller Calls on 56 Firms to Adopt Rooney Rule
Scott Stringer criticized leadership teams ‘that look like they’re out of the 1950s.’
Regulation
UK High Court Rules Women Not Entitled to Pension Compensation
Justices say they are ‘saddened’ by case but that their role ‘is limited.’
Risk
AT&T Plan Members Sue Over Early Retirement Calculations
Complaint says media giant shortchanged participants who retired early.
Research
Low Inflation, Eh? Just Look at Housing Costs
Recent CPI blip owes a lot to shelter, which is a third of the price gauge and rising at 3% yearly.
Market Moves
Analysts: Earnings Will Improve in 2020
Forecast seems to hinge on progress in resolving the trade dispute. Hmmmm.
Research
Revoking Brexit Provides ‘Best Economic Outcome’ for UK
IFS says no-deal Brexit would be worst possible scenario for British economy.
Risk
Princeton, Columbia Endowments Return 6.2%, 3.8%
Investment portfolios for both return less than half as much as last year.
Regulation
SEC Stops $1.7 Billion Unregistered Digital Offering
Emergency order prevents markets from being flooded with illegal tokens.
Asset Allocation
UN Pension Fund to Divest Coal
$68 billion defined benefit pension vows to be carbon free by 2020.
Newsmakers
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
Regulation
Kentucky Retirement System’s Strategy to Get Legal Victory Against Agency
State Supreme Court opinion says Seven Counties owes KRS contributions.
Risk
Baxter De-Risks $2.4 Billion in Pension Liabilities
Annuity contract with Prudential to transfer benefits for 17,200 members.
Risk
Boston Pension Fund Sues Chemours Over Environmental Liabilities
Lawsuit claims firm misled investors about ‘massive’ liabilities as stock lost half its value.