North Carolina State Pension Hits Record $108.5 Billion Market Value
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Coronavirus – COVID-19
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Drag on Economy: The ‘Temporarily Laid Off’ Who Become Permanent
Goldman Sachs warns that a big swatch of the jobless will end up staying that way.
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Norway’s Sovereign Wealth Fund Loses $21 Billion in First Half
The Government Pension Fund Global lost 3.4%, underperforming a benchmark index, largely thanks to its roughly 70% allocation to equities.
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Maybe, Just Maybe, the Virus Woes Have Peaked
Commonwealth’s McMillan sees encouraging pandemic data, and thinks the recovery can continue.
Fitch Says GDP Impact from COVID-19 Will Last until Mid-2020s—If We’re Lucky
Report bases economic outlook downgrade on no renewed lockdowns.
Canadian DB Pensions, Pooled Funds Rebound Sharply in Q2
Equities rally helps spur strong quarterly gains.
COVID-19 Relief Packages Help Fuel Ultra-Low Interest Rates
EIOPA warns that persistent low rates pose a ‘systemic risk’ for insurers.
Japanese Pension Fund Loses $77 Billion in Fiscal 2019
The world’s largest retirement system is the lowest it’s been valued in roughly three years.
UK Retirements Could Be Postponed Due to Pandemic
Research from Aviva finds that some may have to spend more of their life working because of COVID-19.
Endowments Weather Pandemic Better Than in Great Recession
Larger endowments outperform smaller ones due to less US equity exposure.
Pandemic Will Slice 7% from World’s Wealth in 2020, Says BCG
A painful $16 trillion could vanish from the planet’s coffers, only the second down year this century, Boston Consulting’s study estimates.
Toll Roads Face Long Road to Recovery: Bad News for Funds Eyeing Infrastructure
The typically stable asset class has been hit as traffic levels have dropped 40% to 85% globally, S&P analysts say.