European Commission Fines Banks €1 Billion for Currency Rigging
Barclays, RBS, Citigroup, JP Morgan, and MUFG allegedly participated in forex cartels.
News
SEC Halts Alleged Diamond-Related ICO Ponzi Scheme
Regulator charges cryptocurrency firms with securities fraud.
CalSTRS Wants to Increase Internal Management
Hundreds of millions in cost savings could be at stake, but building additional external capabilities won’t be easy.
Yikes, Lofty Corporate Debt Will Hurt Us When Earnings Slip, Moody’s Warns
Record leverage, at 46.6% of GDP, leaves companies vulnerable, says economist Lonski.
CPPIB Returns 8.9% in Fiscal 2019
Foreign private equities were the investment portfolio’s top-performing asset.
UK Loses Decade of Improving Life Expectancies
Mortality rate at the end of 2019 expected to fall back to 2009 level.
New Bill Would Conduct the Largest Investigation of Private Pensions in 40 Years
Bipartisan senators look for new ways to ensure retirement security.
People Moves
Sidley gets some new talent, PRGN adds new offices, and more.
Texas Employees’ Tees Up Major Investment Plans
Private equity, infrastructure, and real estate allocations have their investment schedules laid out for the future.
UK Pension Funds Now Hold less than 20% in Equities
Report also says accounting rules change could cost FTSE 100 pensions $100 billion.
Rhode Island Secures Church Pension Transparency
Bill’s passage will solve reporting loophole in religious institutions.
Institutional Investors Call for Workplace Disability Inclusion
Only 29% of working age Americans with disabilities are employed.
Op-Ed Scolds Harvard’s ‘Rapacious’ Land Investments
Former overseer Kathryn Taylor, two student advocates call for a ‘new direction’ for endowment investments.
CalSTRS and Illinois Treasury Officials Win Prestigious Fellowships
June Kim and Rodrigo Garcia join 20 other finance professionals in Aspen Institute program.
Vast Majority of Endowments Investing in Crypto Assets
Survey finds 94% of endowments invested in digital assets in 2018.