Newsmakers
Jerome Powell May Get Extended as Federal Reserve Chief, Say Analysts
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
News Archive: Nov - 2020
Pensions
Kentucky Teachers’ Plan Improves Funded Status to 58.4%
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.
Market Moves
UK to Launch First Green Bond in 2021
Issuance intended to help country meet target of reaching carbon net zero by 2050.
Regulation
Wells Fargo Ex-CEO Stumpf Pays $2.5 Million to Settle SEC Charges He Misled Investors
Former Community Bank head Carrie Tolstedt has also been charged by the regulator.
Manager Selection
Kentucky Eyes Paying More to Fill Vacant Pension CIO Slot
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
Risk
Think You’ve Got the Risk-Return Mix Down? Guess Again
Many institutional investors trip on undetected hazards, Northern Trust study says.
Coronavirus - COVID-19
COVID-19 Has Shaken Up Vast Majority of Plan Sponsors
But the pandemic has not slowed down pension buyout activity.
Regulation
SEC Collects Record $4.68 Billion in Disgorgement, Penalties in Fiscal 2020
The regulator also doled out a record $175 million to whistleblowers during the year.
Market Moves
Ackman Bets on a Pandemic Bond Wipeout—Again
His new bearish investment is similar to the one in March that earned him a $2.6 billion jackpot.
Asset Management Culture
Ray Dalio Sides with Chinese Regulators over Jack Ma
Foiled IPOs be damned, diversifying into China is worth the risk, according to the Bridgewater founder.
Asset Management Culture
Scottish Widows to Divest £440 Million from Firms That Fail ESG Standards
UK insurance and pension provider targets companies that it says pose the most severe investment risks.
Market Moves
How Ken Griffin Is Up 20% This Year
The hedge fund mogul bought bargains during the winter market crash, and they have delivered since.
Alternatives
Principles for Responsible Investment Calls for Reversal of Anti-ESG Trump Policies
CEO of UN-backed group says Biden administration has opportunity to ‘make American finance great again.’
Regulation
UK Pension Cleared to Sue Apple over Alleged Misleading China Comments
Judge says it ‘strains credulity’ that CEO Tim Cook was unaware of potential impact of trade tensions on iPhone sales in China.
Asset Allocation
New York State Pension Fund Returns 6.2%
The state retirement system broadly outperformed US pension funds in the third quarter.