Corporate Moves
Deputy CIO and Former NextGen Departs Texas Pension Fund
The alts-focused Sharmila Kassam moves to Funston Advisory Services.
News
Regulation
Treasury Approves Benefits Reduction for Pennsylvania Pension
Pension said it will become insolvent in 10 years without benefits cut.
At Morningstar: Using Factors in Fixed Income Investing Remains Difficult
Equity strategies may not stand up to the complexity of the fixed income markets.
Corporate Moves
Chaya Slain, Former NextGen and Forty Under 40 Achiever, Becomes CIO
New family office head is the second NextGen honoree to enter the C-suite.
Newsmakers
At Morningstar: Asness Has No Simple Answer to Quant Strategy Losses
AQR CIO says firm is sticking with strategy until proven otherwise.
Market Moves
Zell Warns that an Interest Rate Cut Would Bring ‘Disaster’
Billionaire investor says dollar’s status could be weakened.
At Morningstar: Bond Fund Managers Suggest Investors Build Liquidity
One sees parallels to 2007 in current market conditions.
Newsmakers
This Week’s CIO Summit: Asset Owners to Debate ESG, Team Building, Capital Preservation
Second day will wrap up the conference with a closed-door, CIO-only session.
Canadian Plan Sponsors Rebound Strongly to Return 7% in Q1
US, Canadian equities were top-performing asset classes.
At Morningstar: PIMCO CEO Sees Growing Business in Private Credit Market
While currently a small part of overall business, private credit could help pension funds meet returns.
People Moves Roundup
Majedie Creates a New Role, NISA Advisers Makes Some Director Moves, and More.
Newsmakers
Papa John’s Founder Is Bailing, Good News for Hedge Fund
With the disgraced John Schnatter selling his stake, hedge operator Starboard gets a decent shot at a turnaround of the pizza company.
At SALT: CPPIB Goes Long in Emerging Markets
Canadian pension plan eyes growth in emerging markets as valuations get bubbly in the developed world.
At Morningstar: Heavy Corporate Debt Could Affect Equities
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Newsmakers
Next Week’s CIO Summit: Asset Owners Talk Geopolitics, Alts, and Credit
Afternoon session of the conference’s first day promises loads of useful advice and insights.