Lower Interest Rates Will Shrink Pension Funding Status, Goldman Warns
A study projects that funding will drop to 86% in August, off from 91% four months before.
Tag: Fixed-Income
Corporate Moves
CalPERS Makes Global Fixed Income Managing Director Official
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
Asset Allocation
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Report: Fixed Income ESG Can Improve Risk Management, Returns
Report touts benefits of incorporating ethical investing into fixed income.
Asset Allocation
Connecticut Considers Gun Divestment
State treasurer says she may ‘divest or not make further investments in gun companies.’
Prospect of Extended Credit Cycle to Leave Bond Markets Yield-Thirsty for Longer
Fixed income Investors need to be mindful of different market dynamics this time around.
CalPERS Updates Portfolio Allocation After Vote
Fixed-income allocation increases to 28% in new portfolio.
CalPERS Stakeholders Argue for Status Quo
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
CalPERS Mulls Fixed-Income Future
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.