4 Reasons that Pay Raises Are so Low
Productivity, industry concentration, working insecurity, and baby boomers make up Natixis economist’s list.
News
Newsmakers
NJ Panel Calls for Overhauling Public Workers’ Pensions
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Inflation Outlook Isn’t that Bad, Ditto Rate Hikes
Even with core CPI the highest in 10 years, the number shouldn’t ‘spook’ the Fed, says Pantheon’s Shepherdson.
Corporate Moves
CalPERS Names New Controller
Michele Nix formerly was director of finance at the city of Columbia, Missouri.
Mercer Acquires Pavilion Financial, Summit Strategies Divisions
Mega-consultant looks to bulk up non-profit presence.
TPR Charges Accountant for Giving False Information
Hashmukh Shah accused of falsely claiming firm enrolled staff in pension plans.
Institutional Assets Rebound Slightly in Q2
Gains 0.88% after registering first loss in nearly three years during Q1.
CalPERS CIO Orders Active Risk Review
Ted Eliopoulos wants to know whether the largest US pension system is being rewarded enough for its investment risk taking.
Newsmakers
Kentucky Supreme Court Will Weigh Controversial Pension Bill
Gov. Matt Bevin appealed the Circuit Court’s June ruling against his pension reform law.
A Just-OK Stock Market for New Fed Head Powell’s First 6 Months
The Dow is up 4.6% since he took over, putting him in the middle for debut chairs.
Pension Insurance Corporation Secures BHS2 Pension Scheme
The specialty insurer saves benefits of 9,000 members by shifting them to annuities.
CalPERS Advisor: As Tech Startup Model Shifts, Direct Investment Model Makes Sense
Fewer IPOs mean operational efficiencies rather than leverage become more important for private equity portfolio company exits, Sonsini says.
Alcoa De-Risks $290 Million in Pension Obligations
Company also makes $100 million pension contribution.
Risk
Canada’s Top Public Pension Returns 1.8% in Fiscal First Quarter
Plan now stands at $278.9 billion.
Europe Poised to Break Venture Capital Records
The nation’s VC deals and growth fundraising have been climbing to new heights since 2016.