BNY Mellon Pushes into Natural Language Generation
The financial services company joins others using the artificial intelligence technology to automate reports in nanoseconds.
Asset Management Culture
Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
Tesla Recruits Former CIO of $1.5 Trillion Japanese Pension Fund GPIF
Hiromichi Mizuno joins Tesla to serve the board as an independent director and on its audit committee.
Too Rich to Need It? Top Colleges Back Away from US Virus Money
Harvard, Penn, Yale act after Trump administration says subsidies should go to less wealthy institutions.
State Education Budgets Fail to Keep Up with Pension Costs
Report says paying for pensions should come from sources other than education budgets.
Harvard Adopts Goal for ‘Net-Zero’ Greenhouse Gas Emissions by 2050
Directive for $41 billion endowment stops short of fossil fuel divestment demanded by faculty.
Kentucky Teachers’ Fund Suspends Requirement for Notary Signatures
A patchwork of states allows remote witnesses, since in-person regulations have been made inconvenient by social distancing measures.
Maine Picks Deputy James Bennett as CIO
During his six years as DCIO, the investment professional helped team members build out the fund’s alternatives portfolio.
Kentucky Eyes $200 Million Controversial Investment in Direct Lending Firm
The pension fund seeks lucrative opportunities during the virus-driven downturn, but some staffers think the deal is too risky.
Most Institutional Investors Are Sticking to Their Private Market Allocations During the Pandemic
A survey by Eaton Partners concludes many institutional investors are keeping their allocations to private assets the same or increasing them.
New Mexico Businesses Can Apply for Relief from New $100 Million Fund
The relief, managed by private equity firm Sun Mountain Capital, comes from the state’s $5.3 billion severance tax permanent fund.
Op-Ed: We Need to Talk about Pensions
Matthew Bale from RiskFirst, a Moody’s Analytics company, takes an analytical look at the implications of COVID-19 for the UK pension industry.
Keep Workers on the Job, Group Demands, as Business Leaders Start to Concur
Investor group, headed by New York City Comptroller Scott Stringer, now sees the corporate world headed its way.
Pennsylvania SERS Waives Minimum Required Payments from DC Plan
Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.