Corporate Moves
Texas Christian University Seeks Its Second CIO
James Hille’s retirement after 15 years at the helm leaves big shoes to fill at the $2 billion endowment.
News Archive: Aug - 2021
Asset Allocation
Friday the 13th Turns Out to Be a Pretty Lucky Day for Stocks
The seemingly cursed day is mostly in the black, and does quite well when it occurs in August, LPL’s Detrick calculates.
Asset Allocation
NY State Pension Fund Scrutinizes Shale Oil, Gas Companies
The fund will evaluate 42 firms that it says are ill prepared for a transition to a low-carbon environment, including ConocoPhillips, Hess, and Marathon Oil.
Corporate Moves
Investment Management Corp. of Ontario Taps Rossitsa Stoyanova as CIO
The current head of portfolio design and construction at CPPIB will oversee nearly $60 billion in assets.
Here’s Why Inflation Is Up: Oil and Cars, Period
Commonwealth’s McMillan ascribes nasty CPI numbers to a few aberrant items, already cooling off.
Pensions
Connecticut Seeks Volunteers for Pilot Retirement Program
The retirement authority is offering companies a chance to help design a state-run plan called MyCTSavings
Risk
Actuarial Assumptions Do Not Affect Actual DB Costs
‘Experience studies’ and certain types of modeling will help plan sponsors find a better balance between assumptions and experience to avoid future cost surprises.
Asset Allocation
Domestic Equities Weigh Down Japan’s Pension Giant
GPIF’s $1.7 trillion portfolio cools off to start fiscal 2021 after a historic 2020.
Asset Allocation
Goldman: Dollar Rally Will Fizzle
The greenback has advanced almost 4% since May, buts headwinds await, the firm warns.
Asset Allocation
Little-Known RhumbLine Advisers in Line for $1 Billion PRIM Allocation
An overallotment for State Street becomes a windfall for the female- and minority-owned firm.
Climate Stress Tests Help Gauge Financial Sector Risk Exposure
S&P says it is increasingly using environmental data in its credit rating analyses.
Regulation
Bill Seeks to Close Private Equity Compensation ‘Loophole’
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.
Pensions
Kentucky Pension Fund Reports Record 25% Return for Fiscal 2021
The strong showing lifts long-term return rates above assumed rates for the first time in a decade.
Asset Allocation
Ceres Launches Program to Help Food Sector Reach Paris Agreement Goals
The group says the global food system accounts for one-third of the world’s emissions, and it wants institutional investors’ help to engage the highest polluters.
Market Moves
Giant Tech Stocks Primed for Another Slide, Says Sage
Last Friday's strong jobs report signals the rise of lesser lights in the market, Leuthold’s Jim Paulsen predicts.