Mass PRIM CIO, Cliff Asness Talk Career Lessons at Pension Bridge
Michael Trotsky reveals early challenges at the Bay State fund, Cliff Asness describes vexations of serving on an endowment committee.
News
Newsmakers
Pension Bridge: 3 State Pension Plans Bare All on Funding Messes
At Pension Bridge, Dick Ingram, Dominic Garcia, and Glen Grell reveal how their programs ended up underfunded.
Church Pension Invests $40 Million in Clean Energy Projects
Group also names Ellen Taggart as CFO, treasurer
Is an Earnings Recession Really Coming?
Morgan Stanley says yes, CFRA says no.
Manager Selection
OP-ED: The Art and Science of the New-Age Unicorn CFO
The new-age CFO works closely with the CIO to pursue a company’s long-term strategic welfare and management of the organization’s investment portfolios.
Asset Allocation
CalPERS Investment Committee Rejects Tobacco Reinvestment Again
In a surprise move, investment committee member Jason Perez called for a vote on reinvesting in tobacco stocks, but his plan was shot down.
Newsmakers
Cyber Attacks Are Financial World’s Worst Threat, Says Jamie Dimon
Chase CEO cites economic worries in annual shareholder letter.
Risk
Ex-Ontario Teachers’, ATP CIO Set to Launch New Firm’s First Product
Bjarne Graven Larsen’s new Qblue Capital enlists former Denmark fund colleagues.
Regulation
Yale Alum Charged with Running Hedge Fund Scam While Student
Omar Zaki agrees to $25,000 SEC fine, three-year ban from investment industry.
SEC Releases Framework for Digital Assets
Guidance intended to help investors determine when a digital asset is a security.
House Committee Passes Bill to Overhaul Retirement Plans
Legislation would increase 401(k) contributions, plan portability.
People Moves Roundup
Man Group finds a new real estate debt leader, Clearlake Capital boosts its roster, and more.
Market Moves
Investors Bailed Out of Stock in 2018 and Got Double-Slammed
The average investor fled from the stock market and ended up losing twice what the S&P 500 did, Dalbar says.
Corporate Moves
British Steel Pension Plan Gets Its First Independent Chairman
Keith Greenfield will take over the metal pension’s board, replacing Allan Johnston.
Newsmakers
Two More Australian Supers Considering Merger
A First State Super and VicSuper consolidation joins trend among the nation’s pension funds.