Risk
Norway’s Norges Bank Reports First Inflows Since 2015
Oil-based equities help grow the world’s largest sovereign wealth fund by $19 billion in the second quarter.
News Archive: Aug - 2018
Global Life Expectancy Improvements Slow Down
US had greatest slowing in life expectancy at birth for males from 2011 to 2016.
Union Urges Divestment from Immigrant Detention
Report names asset managers profiting from private prisons.
Newsmakers
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.
Surprise: Corporate Pension Funds Will Need to Pony Up More Money
Benefitting from the corporate tax cut, and well-funded now, private-sector plans may have a rude awakening, consultants say.
Lackluster Hedge Funds in Q1 Can’t Stop Industry Growth
CTAs, macro, and relative value strategies disappoint, but credit strategies gain the most.
UK Pension Scam Victims Lost Average of £91,000 in 2017
Regulators TPR, FCA launch ad campaign to alert the public to pension fraud.
Risk
Oil, Stocks Drive 5.5% Q2 Performance for Norwegian Sovereign Wealth Fund
The Government Pension Fund Norway beats its benchmark, growing assets to $29.5 billion.
Regulation
Fort Worth Lawmakers Mull Pension Fixes
Mayor hopes for compromise despite city council, police, and firefighter frustrations.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
S&P 1500 Pension Funded Status Rises 2% in July
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Corporate DB Funded Status Rises to 93.4% in July
Aggregate deficit falls $12 billion to $108 billion.
Newsmakers
Turkey’s Scramble to Avert Financial Woes Met with Some Relief
The lira rallies with moves to curb betting against it and the introduction of new loan restructuring programs.
Risk
Church of England Pensions Board to Slash 50% of Its Public Equity
Agency to de-risk from stocks in favor of infrastructure, greater diversification.
All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.