News Archive: Jan - 2020
Chinese Virus Could Be a ‘Black Swan Like No Other’: Moody’s
The coronavirus may be the disastrous surprise that overwhelms public health officials and slams the markets, the firm's Lonski admonishes.
NY Teachers Hires a Bunch of New Private Equity Managers in $1B Endeavor
Private equity made up 5.6% of the pension fund’s portfolio as of October, short of 6% goal.
National Australia Bank Trustees Sued for Mismanaging Pension Assets
Class action suit on behalf of 330,000 members alleges breach of duties.
Davos Report Says Climate Change Striking Harder than Expected
‘2008-style systemic collapse’ expected if human-caused CO2 isn’t halved in decade.
Charles Emond Named CEO of Quebec Pension Fund CDPQ
University Endowments Gain 5.3% in 2019
However, the average 10-year return beat long-term objectives for the first time in a decade.
Small-Cap Stocks to Stay in the Wake of the Big Boys, LPL Says
While small names have done OK, they suffer from factors like a possibly weakening dollar, the firm’s John Lynch argues.
Two Sent to Prison for $2.8 Million Investment Fraud Targeting Elderly Victims
Robert Stencil, Michael Duke allegedly enticed investors with a pre-public offering for a company that did not exist.
Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
Virus Outbreaks Harm Stocks, Just Not on Tuesday
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Ohio Pension Plan Would Disclose Manager Fees, Livestream Meetings Under New Legislation
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
Australia’s Future Fund Invests Directly in Cloud Computing After Best Returns Since 2015
Op-Ed: Why CIOs Should Engage on Climate and Take Action
Thousands of CIOs are currently assessing the climate risks of their portfolios as the March 31 reporting deadline for the UN PRI approaches.