COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
Coronavirus – COVID-19
New York Pension Fund to Supplement Federal Small Business Loans
The state hardest hit by the coronavirus is bolstering relief efforts.
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.
Washington State Board Makes Up To $1.9 Billion in Extra Private Market Commitments
New allocation adds to WSIB’s already outsized allocation to these assets, which has helped cushion it amid equity market turbulence.
Institutional Investors to Reduce Real Estate Investments in 2020
Pension funds, endowments, foundations plan to cut property commitments by 11%.
Rhode Island Lost 9.5% But Performed Better Than Benchmarks
The state treasurer attributed an allocation into Treasuries and quant strategies for offsetting losses.
How Will Earnings Ever Get Back to Positive?
Now-leery consumers have to be confident again about going out, a tall order, says Commonwealth’s McMillan.
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.
Endowment Index Tumbles over 20% in First Quarter
COVID-19 wipes out robust 2019 earnings in just three months.
Earnings Will Take Up to 4 Years to Recover, Leuthold Says
That’s the max for EPS retreats in the past, and this recession will be a lulu, the firm’s Ramsey believes.
US Public Pension Funding Levels Plunge to 66% in Q1
Market turmoil has wiped out all funding gains made in 2019.
New York Burns Through Cash, But Pension Funds Not Impacted
State retirement systems, in solid shape, don’t require subsidies from the tax coffers.
Haves and Have Nots: Virus Effect Will Widen the Public Pension Divide
When the crisis abates, the gap between well-funded plans and the others will be even larger.
US Dividend Payments Have Worst Quarter Since 2009
Liquidity and cost control are now top priorities as dividends drop and buybacks become an ‘endangered species.’
Dalio Says Holding Government Bonds Now Is ‘Crazy’
Tiny or negative yields make fixed income a bad idea, hedge fund honcho declares.