Washington State Treasurer Says Keep Hands Off Windfall
Predicting a $1.1 billion surplus, finance chief asks lawmakers to let him channel the money to a rainy day fund.
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CalPERS Loses around 4% in Last Week’s Stock Dive
Largest US pension plan drops at least $15 billion as retirement programs worldwide suffer.
Is the Worst of the Virus Market Rout Close?
Commonwealth’s McMillan says 10-year Treasury yield dive is close to those in previous outbreaks.
Singapore Sovereign Wealth Fund Slices Pay Due to Virus
Even senior management at Temasek may find their bonuses trimmed as much as 15%, as investors contend with the disease’s impact.
SEC Lets Steven Seagal Know He’s Not Above the Law
Actor and ‘Zen master’ agrees to pay more than $300,000 to settle charges he unlawfully touted an ICO.
Pennsylvania SERS Returns 18.8% in 2019
$30.9 billion fund also earmarks $500 million in new investments.
Hong Kong Pension Warns Coronavirus Will Hurt 2020 Returns
$124.6 billion Mandatory Provident Fund says virus ‘has affected the investment market worldwide.’
Research Finds Large Variations in Performance Across LPs Investing in the Same Funds
Harvard/Stanford paper finds pensions would have earned an aggregate $45 billion more if private equity fund distribution waterfalls were uniform.
Trump Is No. 2 Earnings Grower Among Post-WWII Presidents
His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Norway’s Pension Fund Rakes in Record $180 Billion Return for 2019
Norges Bank Investment Management also deliberates eight candidates for CEO job.
Texas Episcopalians Will Pay $13 Million in Racial Reparations
Compensating descendants of slaves is controversial, but the idea has gained traction in recent years.
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Wells Fargo to Pay $3 Billion Settlement for ‘Gaming’ Investors
Payment includes $500 million civil penalty distributed to investors by SEC.
Multiemployer Pension Funding Reaches Pre-Financial Crisis Levels
Double-digit asset gains boost aggregate funded ratio to 85% in 2019.
Ontario Employees Pension Returns 11.9% in 2019
Public equity returns of more than 20% help boost OMERS’ total asset value to C$109 billion.