Top 100 US Public Pensions Lose $23 Billion in Q2
Contributions and lackluster returns outweighed by benefits payments.
News
Tepid Job Report: Likely Just a Blip
Labor demand likely strong enough to keep pushing unemployment down.
US Hedge Fund Assets Reach $2.58 Trillion
Growth of holdings climbed 8% last year, Preqin data indicate.
Corporate Moves
Malaysia’s Khazanah Enlists Retirement Fund CEO
Shahril Ridza Ridzuan will become the sovereign wealth fund’s new managing director on August 20.
Risk
World’s Largest Pension Fund Nears $1.5 Trillion
Foreign equities drive Japan’s Government Pension Investment Fund’s 1.68% returns in its first fiscal quarter.
Brewery, Chairman Fined for Withholding Information from TPR
Samuel Smith Brewery, Humphrey Smith ordered to pay nearly £28,000.
Regulation
Calif. High Court Rules San Diego Pension Cuts on Ballot Illegally
Decision could cost the city millions in creating retroactive pensions.
CalPERS Wants to Hire New Real Estate Managers
Experience wanted, but not too much experience. The idea is to identify promising managers with room to grow.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Last Days to Nominate!
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Newsmakers
Vicki Fuller to Serve on Williams’ Board
The newly retired New York pension CIO will lead the pipeline company’s audit, nominating, and governance committees.
Goldman: Divided Government Could Hurt Small-Cap Stocks
With the Democrats likely to take over the House, legislative gridlock may have a Wall Street impact, study shows.
CDPQ Assets Hit $308.3 Billion in First Half of 2018
Equities are among the highest performers for the Canadian pension fund’s mid-year returns.
Record PE Growth Spurred by More than $1 Trillion in Dry Powder
Private equity AUM rises to more than $3 trillion.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Last Days to Nominate!
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Corporate Moves
TD’s Epoch Investment Partners Names New COO
Phillipp Hensler will replace co-founder Timothy Taussig, who retires at the end of the year.