People Moves Roundup
MSCI finds an ESG head, AIG creates sustainability officer role, and more.
News
Newsmakers
Gary Bruebaker to Appear on Next CIO Podcast
Washington State pension CIO to talk career highlights and challenges, advice from CalSTRS chief Chris Ailman.
Market Moves
Beware of Corporate Debt, Even Non-Junk, Says David Einhorn
Prophetic on Lehman in ’08, hedge fund operator claims rating agencies go too easy on debt-laden companies.
Research
Most Hedge Funds Don’t Consider ESG Factors When Stockpicking
Skeptics remain in the industry, but overall allocations are improving.
European Alternatives Industry Hits €1.62 Trillion in Assets
Hedge funds remain largest part of alts, but private equity is growing faster.
Corporate Moves
QSuper Promotes Head of Funds to New CIO
Charles Woodhouse will take over the Australian fund in September when chief Brad Holzberger retires.
Newsmakers
Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
Newsmakers
The 3 Things that Threaten the Stock Rally
Look out below if the Fed doesn’t ease much, earnings dip, or the trade war heats up.
Facebook to Pay $5.1 Billion to FTC, SEC over Privacy, Data Violations
Regulators accuse social media giant of deceiving users and investors.
Newsmakers
Less than 2 Weeks to Nominate Your Picks for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
Federal Lawmakers Debate on Union Pension Crisis Fix
Some call for loans, others call for widespread reform for insolvent multiemployer pension catastrophe.
Newsmakers
Dutch Pension Plans to Merge, Creating a $23.4 Billion Fund
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Market Moves
Uh, Maybe Cutting Interest Rates Is Not a Good Idea
So says UBS’s chief, as the Fed, the ECB, and other central banks eye easing.
Newsmakers
First State Super, Vic Super to Merge
Combined Australian mega-fund expected to take shape by June 2020.
Newsmakers
Sonoco Terminates US Defined Benefit Pension Plan
Firm contributed $190 million to plan to boost funded level to 97%.