Pensions
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
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Risk
Pension Funds Sue Silicon Valley Bank’s Officers, Auditor KPMG Following Failure
Complaint alleges the company's executives and its auditor ‘understated and concealed’ the risks posed by rising interest rates.
Risk
Drooping Dollar May Face Global Reckoning, but Is There a Viable Replacement?
Eurasia Group’s Ian Bremmer pushes back against resurgent notions that the greenback is destined for permanent decline.
Risk
Forget Any Fed Pivot, Says JPM’s Gross
The bond and futures markets believe the central bank’s tightening will about-face—a bad call, the strategist contends.
Market Moves
Alecta Replaces Equities Head in Wake of US Banking Losses
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.
Risk
Look Out: Treasury Volatility May Not Be Over
Ongoing worries, such as the debt-limit clash, could bring it roaring back, warns Bank of America.
Is Emerging Market Infrastructure Investing Still Appealing?
The need is still there, but investors must evaluate a wide variety of factors, including geopolitical ones, in selecting the right fit.
Regulation
Fed Raises Rates as Expected, Stocks Tumble
Fed Chairman Jerome Powell emphasized that the Fed is monitoring the impact of recent banking events but is still committed to reducing inflation to 2%.
Research
Sovereign Wealth Funds’ Views on Climate Evolving Rapidly
Report finds tenfold jump in SWFs that see addressing climate change as consistent with their mandate.
Asset Allocation
Korean National Pension Fund Loses More Than 8% in 2022
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Research
A New ‘Blueprint’ for Increasing Equity in Investing—and Why It Matters
Authors present their new Investor Blueprint for Racial and Economic Equity at NY Fed event.
Newsmakers
Sweden’s Largest Pension Loses More Than $1 Billion to U.S. Banking Crisis
Alecta says it held talks with Silicon Valley Bank in 2022 about liquidity concerns.
News
Two Banks’ Stumbles Underscore Larger Dilemmas for the Industry
The prospect of a recession has cooled investor sentiments favoring financials.
Newsmakers
Investors’ Use of Climate and Greenhouse Gas Information Is Growing, SEC Chair Says
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Asset Allocation
‘No Landing’ Economy? Can’t Happen, Says LPL Savant
It “makes no sense” for things to just dither along with no changes, insist Jeffrey Roach and other Wall Streeters.