Lackluster Hedge Funds in Q1 Can’t Stop Industry Growth
CTAs, macro, and relative value strategies disappoint, but credit strategies gain the most.
News
UK Pension Scam Victims Lost Average of £91,000 in 2017
Regulators TPR, FCA launch ad campaign to alert the public to pension fraud.
Risk
Oil, Stocks Drive 5.5% Q2 Performance for Norwegian Sovereign Wealth Fund
The Government Pension Fund Norway beats its benchmark, growing assets to $29.5 billion.
Regulation
Fort Worth Lawmakers Mull Pension Fixes
Mayor hopes for compromise despite city council, police, and firefighter frustrations.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
S&P 1500 Pension Funded Status Rises 2% in July
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Corporate DB Funded Status Rises to 93.4% in July
Aggregate deficit falls $12 billion to $108 billion.
Newsmakers
Turkey’s Scramble to Avert Financial Woes Met with Some Relief
The lira rallies with moves to curb betting against it and the introduction of new loan restructuring programs.
Risk
Church of England Pensions Board to Slash 50% of Its Public Equity
Agency to de-risk from stocks in favor of infrastructure, greater diversification.
All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
NYS Common Retirement Fund Gains 1.53% in First Fiscal Quarter
Period was the last full quarter with Vicki Fuller as CIO.
Two UTIMCO Key Funds See 1.4% Second Quarter Return
The Texas endowment's Permanent University and Long Term funds post gains of 5.8% over a 10-year period.
Bridgewater Ditches Facebook for Alibaba, Baidu, and Amazon
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
Risk
Florida Retirement Systems Returns 8.98% in 2018
State pension fund assets surpass benchmark to reach $160.4 billion market value.
CalPERS Consultant Defends Forestland Sale
The pension lost around $500 million as it sold most of its portfolio.