Canadian Multi-Employer Pensions Fall from Fully Funded in Q4
Funded level of Segal Group model falls to 95% from 102%.
News
Exclusive: CalPERS Aims to Advance Private Equity Plan
Investment committee members may vote on the plan in two weeks.
Market Moves
Bill Gross Says He Has Asperger’s and Adopts Liberal Economics Line
The erstwhile Bond King reveals surprises as he heads for retirement.
Newsmakers
Warren Buffet Tells Pensions and Endowments to Cut Management Fees
Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
Market Moves
Dalio Backs Off of Recession Prediction
Bridgewater titan’s forecast shows less doom and gloom than before, although some concern remains.
Accountant Trustee Used Pension as ‘Personal Piggy Bank’
UK regulator also charges husband and wife for defrauding charity.
Regulation
Fort Worth Declares Pension Problem ‘Solved’
City employees approve plan to increase contributions to retirement fund.
People Moves Roundup
Cambridge Associates promotes two longtime leaders, State Street gets a new COO, and more.
Market Moves
Soooo, Will the Stock Rally Keep Going, and for How Long?
With 90% of S&P 500 stocks above their 50-day moving average, look for at least another good six months, LPL’s Detrick says.
Newsmakers
Equities Killed Norway’s Sovereign Wealth Fund in 2018
How overreliance on one asset class led to a $56.6 billion wipeout.
Risk
Michigan Endowment Dips Toe into Crypto Pool
University reveals $3 million investment in cryptonetwork fund.
Alternatives
Ontario’s Direct Investment Model Helped ‘Buffer the Impact’ of Global Market Downturns
Strong returns in the system’s infrastructure and private equity strategies pull it out of negative territory for year.
Newsmakers
New York City Leads Anti-Carbon Coalition of Big Funds
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
Newsmakers
Penn State Needs a New CIO
Endowment searching for a successor to newly retired first chief financial official.
Asset Management Culture
Ken Griffin: To the Mightiest Companies Will Go the Spoils
Hedge fund honcho looks to strongest companies (seems like the FAANG bunch) to do best in turbulent 2019.