Uh-Oh, High-Yield Bond Downgrades Expand
Ratio to upgrades doubles, Moody’s says, due to sales dip.
News
Limiting vs. Eliminating Pension Risks
Defined benefit plan sponsors should consider multiple de-risking Strategies.
UK Pension Regulator Begins Widespread ‘Crackdown’ on Poor Recordkeeping Practices
Pensions found in poor accordance with standard practices face fines and penalties.
Asset Management Culture
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Case Study: Seeking More Agility, University of California Redesigns Fintech Platform
Collaborating with Solovis to transform data and processes, the university expects to save $2 million annually over 10 years with more agile platform.
Asset Allocation
Norway’s Largest Pension Fund Divests from Oil Sands
KLP excludes firms such as ExxonMobil’s Imperial Oil from $81 billion portfolio.
Asset Management Culture
DeVry Settles Securities Lawsuit with Utah State Pension
School allegedly lied about its work placement rates for graduates.
Rising Rates Boosts Corporate Pension Funded Status by $38 billion
The funded ratio of the 100 largest US corporate pensions rises to 85.4%.
Asset Allocation
Alaska Contemplates Market Trends for Next Asset Allocation Strategy
CIO Marcus Frampton discusses the implications of each asset class while preparing for a new strategic asset allocation.
Research
The S&P 500 Keeps Singing the Sour Earnings Song
After two small drops in 2019’s first two quarters, CFRA sees a 4.2% net income dive for the third period.
Asset Allocation
Majority of Companies Not in Line with Paris Agreement Goals
Only 9% of 161 companies on Climate Action 100+ watch list meet minimum climate change requirements.
Regulation
Leading Democrats Press Private Equity Leaders over Controversial Private Prison Operation
Scrutiny of five PE firms’ involvement in private prisons begins with an information request.
Risk
The University of California Pension Fund Lowers Expected Rate of Return
The giant fund is succumbing to lower inflation assumptions.
Research
Pension Debt Accounts for Over Half of All Debt for US States
The best, the worst, and the unfunded liabilities totaling $824 billion, according to report.
Meridian Capital Founder Pleads Guilty to Conspiring to Commit Fraud
John Geraci admitted to misappropriating clients’ investments.
Risk
New General Electric CIO Freezes Pension Fund
The new chief investment officer has been overseeing the underfunded plan for two weeks.