UK Directive Could Boost ESG Investments
Department Works and Pensions launches consultation on trustee investment responsibilities.
News
IRS Proposes Regulations to Soften Endowment Tax Hit
Clarification of 1.4% excise tax could reduce amount paid by universities.
Ohio CEO Convicted of 401(k) Fraud
Attevo Inc.’s Charles Snyder allegedly used funds to support ‘lavish lifestyle.’
100 Largest US Pensions Lose $27.8 Billion in Q1
Equity volatility causes assets to dip to their lowest since 2015, according to new census data.
Newsmakers
Soros to Bankroll Personal Injury Lawsuits
The hedge fund billionaire invests in firm that fronts money to plaintiffs awaiting verdicts.
A Future Burst of Wage Hikes Will Lift Inflation, Economist Predicts
While pay raises are torpid now, expect a surprise at year-end due to tight labor markets, David Levy says.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Risk
Higher Beneficiary Life Expectancy Pushes Denmark Fund Into Hedging Portfolio
ATP needs higher returns to meet future needs of population, with newborns adding 2-4 years to projected lifespans.
NYC Comptroller’s Diversity Push Shows Some Results
Stringer and city pension funds succeed in broadening boards at more than half of 151 targeted companies.
Opinion: How not to Get Sued for your DC Plan
Arun Muralidhar shares his thoughts on how corporate pension CIOs can dodge litigation.
Individual Investors Get More Bearish as Stocks Limp
AAII gauge shows largest weekly jump in pessimistic sentiment since January 2016.
Top Corporate Pensions Shrug Off May Funding Dip
Interest rates stirring mixed year-end, 2019 outlooks.
UK Pension Deficits Widen in May
The aggregate funding level of the PPF’s 7800 Index dropped to 94.5% from 95.1%.
FTSE350 Pension Deficits Fall 32% in May
Liabilities decline, assets rise to help shrink gap by £16 billion.
US-China Tiff Based on Outmoded Notions of Trade, BlackRock Says
Ignoring today’s more integrated world economy means fighting “yesterday’s war,” asset manager finds.