Asset Allocation
Ray Dalio Sees Investors Ill-Prepared to Weather Next Bear Market
Bridgewater superstar says a strategic asset mix will ‘distinguish the winners and losers’ in the next slump.
News Archive: Nov - 2018
UK Corporate Pension Deficit Nearly Triples in October
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
CalPERS Global Equity Program Gets a ‘B’
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
Risk
Hedge Funds Clip Facebook Shares in Q3
The space’s top dogs ditch the social media company’s stock during Zuck’s problematic year.
Research
Canadian Pension Funds Tread Water in Q3
Declining Canadian equities, weakness in energy stocks weigh down returns.
Newsmakers
Kentucky Teachers’ Shows 2nd Year of Funding Growth
The $19.8 billion pension plan increases its funded status to 57.7%.
Newsmakers
Institutional Investors Launch Firearms Industry Framework
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
Newsmakers
NY Comptroller Optimistic on Amazon HQ2 Deal
But Scott Stringer says arrangement must also benefit New Yorkers.
Newsmakers
Chief of Malaysia’s Employee Provident Fund Delays Retirement
Mohamad Nasir Ab Latif will stay on another year to help the leadership transition.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
CalPERS CIO Leaves Friday, but Replacement Delayed
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
Newsmakers
Bolsonaro Waffles on Pension Reform Passing in 2018
After a meeting with top economic advisor, Brazil’s President-elect says overhaul bill unlikely to pass before January inauguration.
Newsmakers
Climate Change Risk a Threat to Scottish Pension Funds
Report says two of Scotland’s largest funds are not addressing climate change risks.
Public Pension Return Assumptions Fall to All-Time Low
Lowered projections could increase financial burden on state, local governments.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.