Market Moves
Stand-Pat Fed May Get ‘Punch to the Mouth,’ Warns Top Analyst
Evoking Mike Tyson, Jim Bianco says a market dive could bring big pressure to more rate cuts.
News Archive: Dec - 2019
Research
Governments Urged to Bolster Pensions to Adapt to Aging World
OECD warns that countries may not deliver on adopted pension reforms.
Asset Allocation
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
News
Illinois’ Unfunded Pension Liabilities $500 Million More Than Expected
The state retirement system’s unfunded liabilities rise to $137.3 billion.
Asset Allocation
Pennsylvania SERS Returns 0.32% in Q3, 12.39% Year-to-Date
Board addresses transparency concerns, and hires firm to find new CIO.
Asset Allocation
Small Caps Start Climbing, at Long Last
Beaten down for much of the current bull run, smaller stocks out-pace the big boys.
Newsmakers
French President’s Pension Proposal Prompts Nationwide Strikes
Macron’s controversial strategy to stabilize the retirement plans' finances threatens to paralyze the economy.
Research
Sure, US Manufacturing Is in a Recession, but So What?
Capital Group economist Franz, harking back to 2015-16's mini-recession, says industrials won’t bring down the rest of the economy.
Newsmakers
New Mexico Governor Backs Linking Pension COLAs to Investment Performance
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
Opinion
Uncertainty the Only Certainty in 2020
US elections, Brexit, trade wars create hazy outlook for economic prognosticators.
Regulation
Chicago Hedge Fund Adviser, Executives Charged with Fraud
SEC alleges firm overcharged investors by inflating fund values.
Risk
Florida Firefighters Pension Sues Resideo for Securities Fraud
Class action suit alleged firm misled investors to artificially inflate share price.
Regulation
Connecticut Moves to Embrace ‘First-of-its-Kind’ Gun Divestment Policy
State treasury plans to divest from civilian gun manufacturers to mitigate the national gun violence crisis.
Risk
Norway Pension Fund Removes Petrobras from Watch List
Norges Bank says Brazilian oil firm’s US settlement reduces corruption risk.
Manager Selection
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.