Newsmakers
Deutsche Bank’s Radical Overhaul: Job Cuts, Focus on Investment
CEO Christian Ewing blames low returns, high costs for ‘deep cuts.’
News
Regulation
Brazil Pension Reform Could Hit Lower House by Tuesday
President Bolsonaro looking to get overhaul en route to Senate before Congress’ mid-year recess.
Asset Allocation
Arizona PSPRS Consolidates 10 Asset Classes into 3
Public safety pension plan will benefit from greater simplicity, says CIO Mark Steed.
Newsmakers
Alexander Navab, Former KKR Head, Dies at 53
Private equity legend recently started his own firm after 24 years with KKR.
Volatile Markets Are Spurring Defined Benefit Plan De-Risking
Survey also finds rising PBGC premiums encourage funding increases.
Despite $89 Million Fine, State Street Nets Cool $81 Million from Alleged Overcharges
SEC’s disgorgement abilities increasingly hampered by 2017 Supreme Court Ruling.
Trump Names PBGC Advisory Committee Members
Four of the seven members have already served on the committee.
Newsmakers
Exclusive: South Carolina Hits the ‘Sweet Spot’ with New Co-Investment Program
Investment commission’s staff explains how the $31.5 billion fund is readying itself for new PE opportunities.
Tepid Expansion Keeps the Next Recession at Bay, Says Yardeni
Frazzled by the 2008-09 nightmare, people have avoided excesses that set up the economy for a new plunge, the economist argues.
Newsmakers
Mississippi PERS CIO Lorrie Tingle Retires
Tingle had been with the $28.3 billion fund for 23 years.
Corporate Moves
Church of England’s Ethical Advisory Group Finds a Secretary
Anna McDonald comes from a sustainable investment background at Barclays.
Market Moves
Dr. Doom Forecasts a Recession in 2020
Economist Nouriel Roubini sees a continued trade war and spiking oil prices as the catalysts.
Newsmakers
Wide Index Use Means ESG-Minded Investors Own Private Prison Stocks
That’s how lock-up companies, in poor odor lately, end up in top pension portfolios.
Newsmakers
Danish Pension Debuts Line of Sustainable Products
AP Pension believes new employees will invest 25% of their pension in sustainable line.
Newsmakers
Nominate the Most Extraordinary Asset Owners and Managers for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.