Asset Allocation
Stagflation Fears Have Pensions, Sovereign Wealth Funds Eyeing Alts
Facing an economic slowdown and higher inflation, institutional investors are turning to real estate, infrastructure.
News Archive: Dec - 2022
Market Moves
Inverted Yield Curve Passes Danger Line
With the spread between short and long rates upside down for more than 15 straight trading days, that portends a recession for sure by August, Bespoke warns.
Risk
Recession Be Damned: Why Mike Mayo Thinks U.S. Bank Stocks Will Do Well
Bank of America and others should surge 50% next year, gadfly analyst says.
Regulation
SEC Proposes Four New Rules, Adopts One
The new rules would change the way securities are traded and the enforcement of insider trading.
Pensions
WTW Backs Hibernation, OCIO, ESG and Diversification in Recommendations for 2023
Report outlines seven moves pension funds should be making in an uncertain economic climate.
Manager Selection
Alberta Investment Management Names Marlene Puffer CIO
Puffer will oversee public and private investments for $110 billion Canadian investment manager.
Research
Howard Marks: A ‘Sea Change’ Has Come to Investing
Risk aversion and higher rates are now embedded features, which has big implications, the celebrated investor says.
Pensions
UK Corporate Pension Funds Stabilize in Bond Meltdown Aftermath
Meanwhile, in the US, corporate pension funding levels declined in November.
Pensions
Strong November for Equities Yields Lower Pension Funding
Most gauges of U.S. corporate pension health remained fully funded in November, even as they dropped from higher levels earlier in the year, data showed.
Asset Allocation
PennSERS Investments Lose More Than 16% During First Three Quarters
The pension fund’s market value has fallen by more than $7.4 billion as of Sept. 30, despite outperforming its benchmark.
Risk
As CPI Dips, Investors Are More Optimistic than the Fed on Rates
With the Fed meeting on Wednesday, the futures market continues to believe the central bank will ease soon. Perhaps unwisely, says LPL.
Regulation
EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
Research
Investors Remove $14 Billion from Hedge Funds in October
Nasdaq eVestment’s hedge fund data shows that redemptions continued in October, now totaling $71 billion this year.
Manager Selection
Nuveen Hires Head of Energy Infrastructure Credit
New role for Don Dimitrievich includes financing reduced carbon-emission capabilities.
Pensions
CDPQ Adopts CFA’s Asset Manager Code
The $287.3 billion pension giant announces it is the first Canadian fund to sign on to the code.