Asset Management Culture
Veteran Series: Mansco Perry—A Curious Mind
One of most highly regarded investment chiefs in public pensions, Perry continues to keep a cool head during turbulent times.
News Archive: Feb - 2021
Market Moves
Not So Junky: Speculative Bond Yields Near 4%
After dire predictions of disaster for high-yield paper, defaults never hit the painful levels forecast last spring.
News
Canadian Pensions Adapt Investment Strategies for Post-COVID-19 World
Asset managers are expected to shift funds to private equity from infrastructure and to increase in-house management.
Market Moves
Here’s the Case for Market Optimism, Built on a Virus Retreat
Commonwealth’s McMillan lays out the road back to normal. Hey, investors seem to agree.
Asset Management Culture
Raytheon Technologies to Launch Diverse Manager Program
Asset managers for the $110 billion corporate plans should start hiring with race, gender, and other considerations in mind, CIO Robin Diamonte says.
Alternatives
Private Equity Firms Aim to Double Down on Tech in Post-COVID-19 World
Their focus on sustainable investing is also increasing, according to annual Ernst & Young survey.
Research
UK Regulator TPR Says DC Pensions Falling Behind on Climate Change
Survey finds that only 43% of defined contribution plans’ investment strategies consider climate change.
Alternatives
Ackman, Griffin, Coleman Are Among Hedge Fund Bigwigs Who Cleaned Up in 2020
These guys were among 15 who personally pocketed $23 billion from their investing scores, a Bloomberg tally shows.
Tufts University to End Direct Investments into Coal and Tar Sands
The school will also invest up to $25 million with climate impact funds.
Pensions
House Includes Pension Reform Plan in COVID-19 Relief Bill
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Opinion
Op-Ed: How Corporations Can Help Confront Rising Inequality
Amid worries of a K-shaped recovery, corporate leaders and investors can help halt the increase in disparity, global economist and investor Dambisa Moyo says.
Market Moves
Morgan Stanley: Buy Inflation-Sensitive Stocks
A batch of names do very well when modest inflation kicks in, the firm says. Their performance lately is a mixed bag, however.
Alternatives
Oxford University, GAV Start Conservation Venture Capital Fund
The fund has been seeded with a $25 million special purpose investment vehicle.
Risk
Cryptocurrency Hedge Fund Founder Pleads Guilty to Securities Fraud
Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’
Newsmakers
Jacque Millard, Longtime Intermountain Healthcare CIO, Has Retired
The allocator, who spent nearly 28 years at the fund, is mulling over her next move, while filling her schedule with advisory commitments.