Newsmakers
Senators Urge Pelosi to Include Pension Fix in Next Stimulus Package
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
Tag: COVID-19
Longtime Monarch Private Equity Gets Its Crown Knocked Off
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.
Coronavirus - COVID-19
Coronavirus Cases Should Rise in May, Gottlieb Says
The former FDA commissioner, and current pension plan asset manager, sounded alarms in January about the pathogen.
Market Moves
Why Not to Sell in May and Go Away
The summer season has been pretty good to stocks over the past eight years, LPL notes.
Asset Management Culture
Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
Pensions
Denver Retirees Ordered to Return $11 Million in Benefits
A local investigation found overpayments ranging from $3,000 to $3 million to be recouped.
Risk
Pandemic Relief Could Risk Spousal Retirement Security
Women at higher risk of being hurt by easing of retirement savings requirements.
Coronavirus - COVID-19
Trump Considers Banning Chinese Stock in Federal Pension, Reports Say
The White House is reportedly reviewing its options against a planned investment into Chinese equities.
Coronavirus - COVID-19
Foolish Hope Will Doom the Current Rally, Savant Says
Investors will see that things aren’t getting much better, and that will reverse stocks’ recent surge, warns James Bianco.
Coronavirus - COVID-19
State Pension Funding Drop to Lowest Level in 30 Years, Wilshire Says
Public plans were 62.6% funded in the first quarter after the coronavirus wiped out 12.2 percentage points.
Market Moves
New Jersey Likely to Cut Pension Contributions, S&P Global Says
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
Coronavirus - COVID-19
Wells Fargo Predicts 10-Year T-Note Will Rise Above 1%
Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.
OCIO Roundtable (Part 2): Surprises and Best Practices Through COVID-19
With due diligence limited, thought leaders from leading OCIO firms discuss their processes for navigating after the coronavirus crash.
Coronavirus - COVID-19
COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
Asset Allocation
New York Pension Fund to Supplement Federal Small Business Loans
The state hardest hit by the coronavirus is bolstering relief efforts.