Newsmakers
New Jersey Pension Fund Axes Stake in Private Prison Contractor
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.
News Archive: Aug - 2018
Morgan Stanley Sees Weaknesses in Stock Rally
Value stocks are showing more life of late, which could signal a pullback, firm says.
Risk
PensionDanmark Sees 2.8% Asset Growth in Tough First Half
Real estate and private equity do OK, while stocks and bonds suffer.
New Private Equity Model Could Push CalPERS Up in Global Ranks
Preqin data shows California system could become fourth-largest PE investor.
Newsmakers
Putin Slightly Softens Retirement Plan Overhaul
Russian leader would raise pension eligibility for women by only five years instead of eight.
High GDP May Lead to Market Problems, Paulsen Says
Leuthold strategist fears hot economy will push up inflation, threatening advance.
Corporate Moves
Lothian Pension Fund CEO Announces Departure
Scottish plan expects to fill the vacancy by December or early next year.
Weak 2016 Returns Spur Unfunded State Pension Liabilities
However, Moody’s says strong 2017, 2018 returns will lead to a drop in liabilities.
Newsmakers
Putin Might Soften His Pension Plan to Boost Retirement Age
After public outrage erupts, Russian president could speak on the proposal as early as today.
Amid Strong Earnings, the Market’s Party Looks Likely to Keep Going
LPL’s Lynch, impressed by the profit bonanza, thinks the bull market will extend into 2019.
Asset Allocation
Canada’s CPPIB Boosts Investments in China
Fund plans to double its assets in the country by 2025.
Newsmakers
Australia Pension Giant Gets 40-Year Victoria Land Lease
First State Super’s $2.1 billion payment will go toward infrastructure in the state of Victoria.
Newsmakers
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.
Market Moves
Why US-Mexico Trade Deal Still Must Include Canada
America’s neighbor to the north has been sidelined on NAFTA talks, amid Trump-Trudeau acrimony.
Newsmakers
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.