Asset Allocation
Forget US Stocks and Head Overseas, BCA Says
American equities are too costly, and there are better, cheaper prospects elsewhere, per the research outfit.
News Archive: Jan - 2022
Newsmakers
Despite Record Returns, Kentucky’s Pensions Remain Severely Underfunded
Even after investment gains of 25%, funding levels for the state’s public pensions range from only 16.8% to 60.4%.
Risk
Jeremy Siegel: What to Buy to Be Insulated From Inflation
Hint: Not TIPS, which the Wharton prof terms ineffectual.
Regulation
Pacific Life Fined for Unlicensed Pension Risk Transfers in New York
The insurance firm will pay a $3 million fine for unauthorized PRT business conducted in the state.
Newsmakers
UK Pension Ownership of British Firms Plummets
The proportion of public shares held by UK pensions has fallen to 4% from one-third since 1990.
Risk
Inflation Soars, but Market Shrugs
Time was that high price gains slammed stocks. Why not now? The ‘transitory’ narrative lives.
Newsmakers
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
Asset Allocation
What Will Be the Best Future Tech Plays? Not the Big Five
UBS’s Haefele says tomorrow belongs to up-and-coming AI, big data, and cybersecurity outfits.
Newsmakers
NC Treasurer Supports Proposed 2% Pension Supplement
Dale Folwell says the boost for retirees would be paid for by investment gains, not taxes.
Asset Allocation
Wellcome Trust Saw 34.5% Returns for Fiscal Year 2020-2021. Here Was Its Strategy.
This is the British health care charity’s best-performing year in two decades.
Asset Allocation
Blackstone Invests $3 Billion in CDPQ-Owned Invenergy Renewables
The Quebecois pension fund will remain a majority owner, and Invenergy management will run the firm.
Risk
Don’t Worry: The Economy Will Boom Up Ahead, Says Dimon
Despite widespread unease, the JPM chief has faith in strong household finances and the Fed.
Newsmakers
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.
Newsmakers
San Diego’s Pension Payments Will Decrease by Over $30 Million
The city’s plan is on track to achieve full funded status by 2033.
Regulation
Stocks Keep Slipping as Fed Eyes Faster Tightening
As Powell addresses a Senate panel, Wall Street forecasts even more rate hikes for 2022.