Canadian Funds Return 8.3% in Q1
Despite strong gains, funds underperformed the benchmark portfolio.
News
Market Moves
Add Carl Icahn to the List Opposing MMT
Billionaire activist investor joins Buffett and Powell in criticizing loose-spending plan.
Asset Allocation
San Antonio Fire and Police Wants More Private Investments
New consultant NEPC suggests targets will be achieved by keeping a steady pace in commitments.
Risk
Denmark’s ATP Rebounds Big
Fund sticks to its ‘disciplined approach’ despite 21% return in the first quarter.
California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Newsmakers
Brexit Is a Mess, but Texas Teachers Is Keeping Its London Outpost
CIO Jerry Albright says Britain is still a good place to run investments from.
Risk
Australia Future Fund Bounces Back in Q1
A robust turnaround in equities brings a 5% return for the asset owner.
That Nifty 3.2% GDP Surge Doesn’t Impress Morgan Stanley
Firm’s economists think the pace will slow to 1.1% in the current quarter.
SEC Charges Hedge Fund Manager with Misappropriation of $700K
Eric Lyons is accused of using ill-gotten funds to pay for luxury expenses for his family.
Texas Teachers Closer to Getting a Boost from State
New legislation seeks to shore up fund, give one-time check to retirees.
Newsmakers
CalSTRS Tackles Opioid Crisis
The pension plan is challenging opioid manufacturers, distributors, and pharmacy chains as part of its corporate engagement program.
Newsmakers
Hiring for Texas Teachers’ Private Equity Fleet ‘On Schedule’
CIO Jerry Albright ‘pleased’ as hiring worries for internalization plans diminish.
Regulation
Audit Finds Illinois Police, Firefighter Pensions Lack Proper Oversight
State failed to regularly examine 656 public safety plans as required by law.
UK Issues Guaranteed Minimum Pensions Conversion Guidance
But more may need to be done to achieve clarity.
People Moves Roundup
Bardin Hill appoints six new partners, Milliman gets a new managing director, and more.