Asset Allocation
U.S. Pension Funds Scramble to Figure Out What to Do With Russian Investments
Colorado has already divested from its Russian investments, while CalPERS, CalSTRS and others mull their options.
News Archive: Feb - 2022
Risk
Warning: Tossing Russian Banks From the International System Could Backfire
Credit Suisse says removing the lenders from SWIFT may lead to problems similar to the 2008 and 2020 panics.
Newsmakers
Funded Ratio for US Corporate Pensions Tops 100% Despite Market Drop
Multiemployer pension plans’ funded level rises to 91% at year-end 2021.
Risk
No, War Won’t Make the Fed Ease Off Rate Hikes, Says Goldman
Higher inflation will trump any geopolitical problems, the firm believes.
Newsmakers
Michigan House Considers $1.5 Billion in Grants for Local Pensions
The bill is targeted at underfunded pensions throughout the state.
Newsmakers
Sustainable Funds See Record-Breaking Year in 2021
ESG funds attracted nearly $70 billion in net flows last year, a 35% increase from 2020.
Risk
Will the Russian Invasion Hold Back the Fed’s Tightening?
Maybe it won’t jump by 0.5 point. Amid new worries about the world economy, questions swirl about how high the central bank will go.
Asset Allocation
Green Fossil Fuel Companies: Are They Possible?
The data so far seems grim, with one notable exception.
Newsmakers
Tech Companies, Not Factories, Are Getting the Capital Spending Dollars Now
New reports shed light on the phenomenon.
Risk
Why Consumer Confidence Is Dropping (It’s Not Just Inflation)
People think the economy’s big gains are behind us, says Comerica’s top economist.
Newsmakers
Wisconsin State Pension Fund Returns 16.89% in 2021
The fully funded state pension system surpassed its benchmark to increase its trust funds’ combined asset value to more than $147 billion.
Manager Selection
CalPERS Appoints Nicole Musicco as Chief Investment Officer
Her background includes private investment firm RedBird Capital Partners and the Ontario Teachers’ Pension Plan.
Asset Allocation
How Russia’s Military Move Roils Markets
Stocks oscillate as oil shoots up, with more wildness expected ahead.
Asset Allocation
Spinoff City: More Companies Should Shed Subsidiaries, Says Goldman
Divesting noncore units is a good way to boost lagging profit margins, the firm declares.
Newsmakers
NY Pension Calls on Firms to Report Abuse, Harassment, Discrimination
Tesla, Starbucks, and Activision Blizzard have been targeted by the $279.7 billion New York State Common Retirement Fund.