Newsmakers
Senators Call for US Gov’t Pension Fund to Reverse “Short Sighted” China Investment
They say federal employees’ retirement savings will be used to fund Chinese military.
News
Regulation
Auditor Says Kentucky Pensions Not Compliant with Transparency Laws
KRS says the report is ‘highly flawed’ and ‘unfairly slammed’ its efforts.
CalSTRS Investment Staff Wants Stock Reductions
The volatility of equity markets means CalSTRS staff wants to be less dependent on stock investments.
Newsmakers
Ontario Teachers Tags With Alphabet to Launch Tech-based Infrastructure Company
New firm spun out of Google parent’s urban innovation business.
SEC Charges ‘Guru’ in Alleged Fraudulent Digital Token Offering
Connected ‘political figure’ who invested $1 million was among the scam’s victims.
Newsmakers
Exclusive: How a More than $50 Billion Bet Boosted CalPERS Returns
A large move into equity factor investing was key for largest US pension.
Research
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
Public, Church Pension Plans Face Similar Challenges
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
Hedge Fund CEO Arrested in Alleged $105 Million Fraud
Charges against Brenda Smith could bring maximum of 100 years in prison.
Taxpayer Costs Rise When States Move Out of DB Pensions
Research says changing benefits for new hires does not solve funding shortfalls.
People Moves Roundup
Edgehill Endowment Partners hires Jason Raiti, Alpine gets new chiefs-in-training and analysts, and more.
Market Moves
Ray Dalio’s Flagship Fund Takes a Rare Tumble
Pure Alpha, which clocked a 14% advance in 2018, has lost 6% thus far this year.
Risk
Norway Pension Giant Earns 2.95% in Q2 on Strong Equities, Fixed Income
Central Bank suggests adjusting GPFG's benchmark to increase North American equities.
Private Equity Steers Iowa PERS to 8.35% Return
Fund beats 2018 performance and assumed rate, but just misses benchmark.
Corporate Moves
Ex-Equip Super CIO Heads to LGIAsuper
Troy Rieck replaces retiring chief David Todd at Australian pension group.