Market Moves
Don’t Worry: Higher Cap Gains Tax Won’t Zap the Market, UBS Says
And it probably won’t be as high as Biden wants, Goldman adds.
News Archive: Apr - 2021
Alternatives
Credit Investments to Watch: Private Credit, Securitized Credit, and Alpha-Oriented Mandates
Asset owners should dig their heels into renewables financing, bank capital relief trades, and other less ‘vanilla’ strategies, says Willis Towers Watson.
Pensions
NY State Pension Commits to $400 Million in Sustainable Investments
The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund.
Pensions
Sterling Bancorp to Pay $12.5 Million to Settle Securities Lawsuit
An Oklahoma pension fund alleged the bank violated federal laws related to residential lending practices.
Newsmakers
SWIB Names Edwin Denson as CIO, Replacing the Late David Villa
The economist has been overseeing risk management and investing strategies at the Wisconsin organization.
Risk
Michigan Pension Fund Sues Credit Suisse Over Risk Exposure
The Swiss bank is accused of misleading investors after it lost billions when Greensill and Archegos collapsed.
Pensions
Investors Should Decarbonize Portfolios by 10% Annually, MSCI Says
The firm laid out plans for asset owners, managers, and other participants in a call to action this week.
Asset Management Culture
Kentucky Public Pensions Authority Names Board Members
Only a few remaining vacancies remain for trustees of the state’s restructured pension systems.
Opinion
Part 3: Q&A with Shundrawn Thomas: Tips for Making Progress on Diversity
The president of Northern Trust Asset Management discusses how to keep talks about race and inclusion from becoming ‘the third rail.’
Risk
Bill Miller Isn’t Buying the Negative Take on SPACs
Recent downdraft has made some good blank check companies into enticing bargains, the value guru argues.
Pensions
Bill Would Move New Texas State Employees to 401(k)-Like Plan
The proposed pension reform would affect workers hired after Sept. 1, 2022.
Asset Allocation
Tax Change Fears Spur Record M&A Dealmaking in Q1
The specter of higher capital gains taxes in 2022 accelerated activity, Echelon says.
Asset Management Culture
Church Commissioners to Reduce Carbon Emissions by 25% by 2025
The fund said it will achieve this mainly through its public equities and real estate portfolios.
Asset Management Culture
Part 2: Q&A with Shundrawn Thomas: Effective Mentoring
The president of Northern Trust Asset Management discusses creating productive mentoring relationships to advance racial and gender diversity.
Pensions
PSERS Recertification Triggers Contribution Increase
Thousands of Pennsylvania teachers will have to pay more in contributions starting in July.