Manager Selection
NYC’s Comptroller Is Launching an Internal Review Following Former CIO’s Move to Asset Manager
Alex Doñé must wait at least a year after leaving before he can pitch former colleagues.
News Archive: May - 2022
Asset Allocation
State Pensions Are in the Black, But Red May Be Ahead
For state pensions, funded status has increased, but meeting return expectations may still be a challenge.
News
Saudi Aramco Jumps Past Apple to Become World’s Most Valuable Company
Oil prices are on fire, while tech’s appeal has cooled amid rising interest rates.
Regulation
Legislators and Council of Institutional Investors Voice Support for SEC Cybersecurity Proposal
One commenter cautions that public reporting could unintentionally give criminals access to sensitive information.
Asset Allocation
Passive ETFs Turn Out to Be Pretty Active
They’re often used or even constructed to be anything but index-hugging funds, a study says.
Asset Allocation
Battered Stocks and Bitcoin Are Increasingly Correlated
The closer matches between old-school and new-school assets are a switch from a year ago.
Newsmakers
Despite April’s Poor Equity Returns, Rising Discount Rates Improved Funded Status for Most Pensions
Last month had one of the highest single-month discount rate increases for many data collectors.
Regulation
Bill Would Silence Labor Department on 401(k) Investment Guidance
The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.
Newsmakers
Amid Market Gloom, Value Has Come Off Pretty Well
UBS’s Haefele says now is the time to belatedly board the low-cost train.
Manager Selection
Alex Doñé, Former NYCRS CIO, Joins Platinum Equity as Managing Director
Doñé left NYCRS after two years as their CIO.
Newsmakers
Q1 Earnings Are Up, But Nothing to Cheer About
While profits have kept climbing, the rate of ascent is slowing, per FactSet.
Manager Selection
LA Fire and Police Pensions CIO Ray Joseph Resigns
Joseph leaves after less than a year on the job due to personal reasons.
Asset Allocation
Which Hedge Funds Will Do Best With Rates Rising?
Relative value, commodities, and reinsurance are the bright spots, says Agecroft.
Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
Asset Allocation
The Old Tech FAANG Is Dulled, But a New Version Has Promise
Centered on surviving a bleaker world, Bank of America’s updated version has better market performance.