Asset Allocation
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
News Archive: Jan - 2021
Asset Management Culture
Breaking News from Davos: China’s Xi Calls for Multilateralism in Keynote Speech
Chinese leader says there is a need to balance COVID-19 responses with economic development.
Alternatives
Bitcoin Will Never Be Real Money, Says UBS, Because It’s Too Volatile
Cryptocurrency isn’t a stable source of value, so people can’t depend on it, the bank’s top economist charges.
Pensions
Ontario Teachers’ Joins Net-Zero Climate Pledge for 2050
The Canadian pension fund will establish defined portfolio targets in the coming months.
Pensions
Indiana Roofers Pension Applies to Treasury for Benefits Cuts
Trustees of Roofers Local No. 88 propose a 10% reduction in benefits across the board.
Pensions
US Public Pensions’ Funded Ratio Soars to Record in Q4
The number of plans with funded levels above 90% nearly doubled during the final quarter of 2020.
Asset Management Culture
Veteran Series: Chris Ailman—‘A World Class Asset Manager’
Two decades into his tenure, the investment chief continues to lead US public pension funds into the future.
Market Moves
Biden Logs Best Market Showing Between Election and Inauguration
Big question: Will it keep going? Herbert Hoover’s showing was pretty good, too.
Pensions
Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
Corporate Moves
Texas Tech DCIO Dan Parker to Leave Endowment
The investor will take a senior position at a firm he says ‘will be familiar’ to investors.
Asset Allocation
Special Report: What Low-Paying Fixed Income Still Gives Us: Ballast
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
Asset Allocation
Special Report: Why Pennsylvania SERS is Moving Toward a Liability-Driven Benchmark
New CIO Seth Kelly is hiking the fund's asset allocation to fixed income.
Asset Allocation
Special Report: How Private Credit, Subject of Scary Forecasts, Came Out a Winner
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.
Market Moves
Follow Up: BlackRock’s TIPS Call Looks Prescient
Expecting higher inflation, the asset manager has called for investing in the security that shields investors.
Pensions
Vermont Treasurer Calls for Pension Cuts for State Employees, Teachers
Workers would take on up to 78% of the increase in liabilities and 88% of the contribution increases.