IMF Downgrades US, UK Growth, Upgrades Eurozone
Says US fiscal policy will be less expansionary than previously assumed.
News
Secondaries Fundraising Slumps in Q2, but 2017 Still on Track for Record
Only $4 billion raised in Q2, with record $19 billion raised in Q1 likely eating into demand.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Goldman Sachs Asset Management: Continued Emerging Market Outperformance, Rising Inflation in Second Half
The firm sees widening economic expansion, higher volatility in 2H2017 in its Q3 investment outlook.
Newsmakers
Fewer than Two Weeks Remain for Innovation Awards Nominations
Award nominations close August 4.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Newsmakers
Scaramucci Becomes White House Communications Director
Press secretary Sean Spicer resigns in aftermath.
CalSTRS Generates 13.4% Return
The fund outperforms benchmark for first double-digit returns in three years.
A Sober Second Half for Institutional Investors
State Street’s Lori Heinel talks with CIO about a tempered global market outlook while health care debate stalls progress on tax code overhaul.
Mercer Report Warns of Future $137 Trillion US Savings Gap
Report cites empty promises from Social Security, DB programs as the cause.
Investors Press US SEC for Enhanced Human Capital Disclosures
Good corporate human capital management practices are associated with better financial performance.
Newsmakers
UK Moves Up Pension Age Change
New timetable sees pension age rise to 68 by 2037, seven years earlier than current legislation.
Newsmakers
Michigan Governor’s Task Force Proposes 4 Priority Reforms
Urges for better reporting and transparency, creation of local government pension/stress test system.
Newsmakers
Advocacy Groups Call for Funds to Divest from Owner of Trump SoHo Hotel
The legal groups claim investment money violates President Trump’s fixed salary mandate.
Emory University CIO to Retire
Mary Cahill to step down after more than 16 years in the role, and search for replacement is launched.