Wilshire: Ups and Downs for Domestic Large, Small Cap Stocks in 2017
High-yield managers continue 10-year index struggle.
News
Asset Allocation
Mass. Bill Calls for Firearms Divestment
Proposed legislation would require state pension to dump firms that sell firearms and ammunition.
Regulation
Federal Judge ‘DROPs’ Police and Firefighter Pension System Lawsuit
Board froze DROP program due to insolvency woes.
Newsmakers
Wisconsin Public Employee Pensions to Rise at Least 2.4%
Dividend payments are a result of a 16.2% return for the state’s core fund.
Don’t Get Too Excited over Lower Life Expectancies
Report says actuaries shouldn’t reverse mortality expectations despite recent data.
Asset Allocation
UC’s Bachher Indicates De-risking of Commodities Portfolio in Near Term
CIO also made it clear there will be no new investments in oil and gas-related commodity funds.
Regulation
Grim Fate Looms Over Kentucky Pension Reform
Stivers pessimistic as 10 days remain in regular session.
Manager Selection
Australia’s CBUS to Bulk Up Infrastructure Division
Move follows growing in-house management trend.
Crest Healthcare Admits Shirking Pension Requirements
Firm and managing director plead guilty to misleading The Pensions Regulator.
Corporate Moves
Ash Williams to Chair Council of Institutional Investors Board
Eight new members elected as board officers, directors.
New British Steel Pension Scheme Goals Met
BSPS plans, Tata Steel merger with Thyssenkrupp can now go forward.
Regulation
Court Orders Inquiry into Sears Canada Dividend Payment
A litigation investigator has been appointed to review C$3 billion in shareholder payouts.
Newsmakers
UK University Strikes Continue after Union Rejects Pension Deal
UCU gearing up for additional 14-day strike during exam, assessment period.
Macquarie Acquires Boutique Firm ValueInvest
Firm specializes in global and Japanese equities.