FCA Fines Goldman Sachs £34.3 Million for Reporting Failures
Firm allegedly made more than 220 million errors over nearly a decade.
News
Corporate Moves
EPIQ Capital Group Names Boris Albul CIO
Albul joins boutique multi-family office serving high-net-worth clients.
Three Norway Municipal Funds to Merge
Buskerus, Akershus, and Østfold will pool assets.
CIO NextGen: Last Week to Nominate
Asset owners and managers to choose 25 of the industry's best up-and-comers.
Newsmakers
CalSTRS Expanding Green Investment Efforts
CalSTRS’s annual green report goes beyond the pension’s efforts to offer a bleak picture of global plans to deal with climate change.
Alternatives
New Mexico Makes Historic Move into Infrastructure Debt
Despite a lower return profile, council opts to diversify into nascent infra strategy.
Research
China’s Pension Shortfall to Reach $540 Billion in 2020
Rapidly aging population, one-child policy has burdened China’s retirement system.
CIO Wins Best Overall Media Brand Award for 2019
The award recognizes editorial excellence in business media and information.
Corporate Moves
PBGC Director Nominee Approved by Senate Committee
Hartogensis renominated by Trump after previous attempt stalled.
People Moves Roundup
Liberty Mutual gets a new branch executive, BNY Mellon hires a new chief risk officer, and more.
State Pension Unfunded Liabilities Nearly $6 Trillion
Average funded ratio a paltry 35% based on ‘realistic’ return assumptions.
Market Moves
Warren Buffett: Wrong-Headed Hypocrite on Foreign Stocks?
The investing legend has long advocated domestic shares. But are they always the best bet? And why did he buy Israel’s Teva, anyway?
Alternatives
Exclusive: Michigan’s Hotel-Heavy Strategy Pulls Real Estate Portfolio Ahead of the Pack
Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
Risk
New Jersey Posts Mixed Results in Meeting Benchmarks
The state pension fund is only surpassing its 10- and 20-year goals, falling short over other periods.
CDPQ Raises Low Carbon Asset Target to C$32 Billion in 2020
Pension fund reduced the carbon intensity of its portfolio by 10% in 2018.