Market Moves
From Here, Recovery Will be ‘Tougher,’ But Good Investments Persist
So say two savants from Principal Financial, at CIO’s Summit.
Tag: Debt
Market Moves
Economy Faces a ‘Bumpy Ride,’ Says Goldman’s Chief
Recovery will take a long time, David Solomon warns.
Risk
Attack of the Zombies: Potential Deadbeats Are Almost 20% of Companies, Says DB
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Market Moves
Rhode Island Pension Plan Holds Down Losses Thanks to Treasuries, Algorithms
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Too Much Leverage, Too Much Risk Are Weighing Down Hedge Funds
Designed to fly high during slumps, a bunch of them have disappointed, big time.
Asset Allocation
Rhode Island Lost 9.5% But Performed Better Than Benchmarks
The state treasurer attributed an allocation into Treasuries and quant strategies for offsetting losses.
Asset Management Culture
Rhode Island Treasurer: Funds Won’t Be Raided
The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
Asset Allocation
US Corporate Pension Plans’ Funded Ratios Fell 4 Points in February
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
Asset Allocation
Rhode Island Turns to Options and Emerging Markets Debt to Improve Funding
NEPC guides the state’s investment commission through the addition of new asset classes.
NEST Picks Private Market Managers
UK’s $9.9 billion DC plan expects first capital to deploy in October as it prepares to enter unlisted markets.
At Morningstar: Heavy Corporate Debt Could Affect Equities
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Canada’s Public Sector Pension Manager Adds New Private Debt Chief
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Newsmakers
Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Asset Allocation
LDI Shines Bright
Borrowing to fund plans is trending with liability driven investing.