Newsmakers
Sunsuper CEO Will Step Down Once Successor Is Found
Scott Hartley’s leadership helped more than double the Australian fund’s assets in almost six years.
News
SEC Sues Alleged Head of Cryptocurrency Pyramid Scheme
Daniel Pacheco is accused of bilking investors out of $26.5 million.
Multiemployer Plans Faltered in Second Half of 2018
Funding shortfall for the plans increased by $51 billion during period.
Market Moves
Wall Street Doesn’t Have Much Nice to Say on Mexico Tariffs
President Trump’s threatened duties on US’ southern neighbor inspire dire scenarios—and a Fed prediction.
Newsmakers
Al Gore Calls on Harvard to Divest from Fossil Fuels
Former US vice president says alma mater’s investments a ‘moral issue.’
Newsmakers
Declining Musicians’ Pension Fund Sings the Benefit Reduction Blues
National plan can take this step under a federal law passed in 2014.
Regulation
Oregon Pension Reform Squeaks Through Legislature
Bill barely passes both chambers; governor expected to sign into law.
People Moves Roundup
Schroders gets a new head of private assets, Quoniam gets a new CEO, and more.
Money Managers’ Own Plans Have Higher Balances, More Choices
Asset manager 401(k) plan balances are four times that of the general population.
Opinion
OP-ED: How Home Equity Improves Retirement Security
A new form of SRI: secure retirement income.
Market Moves
What Would It Take for the Fed to Lower Rates? Very Bad News
In the face of White House pressure, Federal Reserve Vice Chair Clarida spells out the punk economy needed to loosen policy.
Newsmakers
ExxonMobil Dodges Dual-Role Bullet Once Again
New York Common, Church of England funds voice their frustrations with the oil titan in proxy vote.
Alternatives
New Jersey to Cut Its Hedge Funds in Half
Pension fund plans to boost Treasury bonds, private equity investments.
Newsmakers
Wells Fargo Settles Derivatives Lawsuit with Pensions for $320 Million
Settlement resolves accusations that Wells Fargo breached its fiduciary duties.
UK MPs Call for Parliament’s Pension Fund to Divest Fossil Fuels
Lawmakers demand fund dumps BP, Royal Dutch Shell holdings.