Corporate Moves
WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
News Archive: May - 2021
Alternatives
REITs Are Staging a Slow-Mo Comeback
Offices are still the worst off, but there is even some good news in bedraggled malls.
Corporate Moves
Dominic Garcia to Leave New Mexico State Pension
The departing chief investment officer was named to CIO’s Power 100 List earlier this year.
Pensions
Swiss Life Admits to Conspiring to Cheat IRS
The insurance giant will pay more than $77 million for helping taxpayers hide nearly $1.5 billion from IRS.
Market Moves
Tasty Morsel: Restaurants Are a Bright Spot in Disappointing Economic Data
Spending bumps up and Google reservation searches swell, amid enervating job growth report.
Regulation
Senators Introduce Bipartisan Bill to Increase Retirement Plan Participation
The Improving Access to Retirement Savings Act is intended to open MEPs to 403(b) plans and more small businesses.
Asset Management Culture
CPPIB Nets Highest Fiscal Year Gain with 20.4%
The pension plan just completed its 2021 fiscal year as of March 31.
Regulation
SEC Settles Charges with Firm Over Failing to Report Hacking Attempts
GWFS Equities allegedly neglected to report three years of suspicious activities by ‘bad actors.’
Market Moves
There’s a Rolling Correction Happening in Stocks, Says Morgan Stanley’s Wilson
Rotation blues: Tech, small-caps, and utilities are off now, with homebuilders among those that could get dumped next.
Corporate Moves
CalSTRS Appoints First Female CEO: Cassandra Lichnock
She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.
Pensions
NY State Assembly Passes Mandatory Auto-IRA Bill
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
PE Fund CEO Charged With Lying to Secure $95 Million Loan
Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.
Alternatives
The Weird Reason Gold Will Head Still Higher
Oddly, ETFs that track the yellow metal aren’t gaining new money, a paradoxical bullish sign, says market sage.
Diversity Demands from NYC Pension Overseer OK’d at DuPont, Union Pacific
Similar proposals will land at other companies, including American Express and Procter & Gamble.
Pensions
FBI Said to Seek Evidence of Kickbacks, Bribery at Pennsylvania PSERS
State’s largest pension fund has reportedly spent over $1 million for reporting error damage control.