Pensions
Multiemployer Pensions Reach Highest Funding Levels in 13 Years
Robust asset gains in 2020 raised funded ratios to pre-global financial crisis levels.
News Archive: Feb - 2021
Risk
North Korean Hackers Indicted in Cyberattacks, Financial Crimes Conspiracy
Hackers tied to a military intelligence agency allegedly attempted to steal more than $1.3 billion.
Corporate Moves
Northwestern Names Amy Falls New VP and CIO
She will be the first woman to oversee the $12.2 billion endowment.
Newsmakers
A Washington Beating for Robinhood’s CEO
The GameStop congressional hearings expose fractures in the online brokerage’s business model: its trading halt, margin level, and fee policy.
Market Moves
Maybe Those 3 Delisted Chinese Stocks Will Be Reinstated After All
Kicked off the NYSE under Trump, the companies could get a second chance under Biden, a Schwab strategist says.
Alternatives
Denmark’s ATP Makes Forays into Social Bonds
The pension giant dipped its toe into the increasingly popular instruments with a €95 million investment in 2020.
Alternatives
So … Is Bitcoin Going to Replace the Dollar?
Not a chance, says Fed’s Bullard, invoking history to slam alternate currencies to a dominant greenback.
Pensions
Pension Fund Assets in Largest Markets Rise 11% in 2020
A second straight year of double-digit growth boosted global pension asset values to $52.5 trillion.
Asset Allocation
Mortgage Securities Deserve a Bigger Place in Pension Portfolios, DoubleLine Says
They have lower volatility and often better returns than corporates, a study by the Gundlach firm concludes.
Market Moves
‘Forever’ Investor Buffett Ditches Stocks He Just Bought
Oracle’s Berkshire sells Barrick Gold and Pfizer, and expands Chevron stake despite his green leanings.
Alternatives
Private Equity Firms Expect Wave of M&As in Second Half of 2021
The increased pace of COVID-19 vaccinations and the specter of a capital gains hike are expected to spur activity.
Risk
Heads of GPB Capital, Related Firm Indicted in Alleged Private Equity Fraud
Three men tied to the company could face 20 years in prison for allegedly misrepresenting the source of funds used for distribution payments.
Asset Allocation
US Corporate Pension Funded Ratio Climbs to 89.8% in January
An increase in discount rates boosted the funded levels of the 100 largest corporate pension plans by $39 billion.
Newsmakers
Wisconsin Investment Board Executive Director, CIO David Villa Dies at 66
Villa had been executive director since 2018 and CIO since 2006.