Regulation
Anheuser-Busch InBev Hit with Shareholder Class Action Suit
Suit alleges brewer made false and misleading statements about financial condition.
News Archive: Aug - 2019
Risk
Ontario Teachers’ Returns 6.3% in First Half of 2019
C$201.4 billion fund boosts its fixed income holdings to counter global slowdown.
Private Capital Secondaries Expected to ‘Rebound Significantly’
Fundraising for first half of 2019 was only a fraction of last year’s record.
Corporate Moves
Dean Takahashi, Yale’s Robin to David Swenson’s Batman, Exiting Endowment
Legendary investor, thought to be chief’s successor, leaving after more than 30 years with the organization.
Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’
Market Moves
Larry Summers Dumps on Jackson Hole Avoidance of Negative Interest Rates
Former Treasury secretary thinks less-than-zero rates do little good and much harm.
Corporate Moves
California Gov. Puts Lendistry CIO on CalPERS Board
Stacie Olivares-Castain’s background is on impact investments, blockchain, and advisory services.
Newsmakers
GPIF CIO: Global Synchronicity is Killing Diversification
CIO of world’s largest fund says no place for investors to hide in downturn.
Market Moves
Pay No Attention to the Inverted Yield Curve, Some Economists Say
Shiller, Yardeni, Yellen, and El-Erian trash this feared recession signal as off-base nowadays.
Newsmakers
Turkish Army Pension Fund Unit to Buy British Steel
However, fund was recently accused of corruption by Turkish parliament.
SEC Charges Former CFO with Defrauding Thousands of Investors
1 Global Capital’s Alan Heide allegedly knowingly signed off on overvalued statements.
Regulation
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Market Moves
So the Federal Reserve Doesn’t Care About the Stock Market? Baloney
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.
CalPERS Introduces New Trust Portfolio to Ease Employers’ Woes
State delivers a unique avenue for employers to mitigate contribution volatility.
Newsmakers
Ontario Teachers’ Next Key Markets: Asia, Europe, and Infrastructure
CEO Ron Mock discusses plans to potentially triple Asian headcount and push $8 billion into infrastructure.