Market Moves
How the Government Shutdown Will Ding the Employment Report
The 35-day closure will pump the jobless rate up to 4.1% for January, RSM’s Brusuelas says.
News
Newsmakers
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
Regulation
NY Pension Sues Danske Bank over Money Laundering Scandal
Class action lawsuit claims bank artificially inflated ADR price.
Newsmakers
UK Trade Organization Seeks to Define ESG
The Investment Association attempts to clear up three key issues in the space.
Risk
Dutch Pension Fund ABP Loses 2.3% in 2018 After Rough Q4
$454.9 billion pension fund blames losses on market turmoil.
CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
Regulation
A Bipartisan Plan to Revamp Oregon’s Pension System
Dem backing a Republican bill improves its chances in a blue legislature.
Fewer Stock Buybacks Now Are Debt-Funded
As rates rise, company share repurchases using leverage dipped to 14% of total in 2018, half the 2017 level, JPMorgan says.
More Corporate DB Plans Want to Dump Liabilities ASAP
Many businesses are looking to unload all retirement assets within five years, MetLife survey shows.
Newsmakers
Guggenheim CIO Calls Recession Fears ‘Overblown’
Scott Minerd says Davos attendees tend to misread the tea leaves.
People Moves Roundup
Värde beefs up its team with new partners and deputy CIO, Northern LGPS gets a new chair, and more.
100 Largest Funds Cutting Assumptions
Funding levels improving, but market volatility left some scars.
Newsmakers
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Citigroup Launches Green Bonds
Bank looks to keep 2015 promises on renewable energy, water quality, and other Paris Agreement goals.
Market Moves
Don’t Worry About the Housing Slump, B of A Says
According to an economist at the bank, lower mortgage rates should improve the situation, which provokes eerie memories.