International Investors Shoot for Equities and Alternative Assets
Mercer report explores key trends in international investor activity, including a reduction in fixed income in favor of equities.
News Archive: Jun - 2019
Newsmakers
Goldman to Combine Four Private Market Groups into $140 Billion Giant
Firm plans to capitalize on industry’s private equity boom, raise stagnant stock price.
Corporate Moves
Geraldine Jimenez to Run CalSTRS’s New Risk and Strategy Unit
Program will leverage fund’s collaborative model for the total portfolio, says deputy CIO.
Deficit of UK Defined Benefit Plans Balloons in May
Aggregate deficit of the PPF 7800 increased more than tenfold to £69.9 billion.
House Committee Advances Multiemployer Pension Reform Bill
Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent.
Market Moves
Trump’s Backdown on Punishing Mexico: Trade War Peak?
Republican lawmakers won’t let him slam China with more tariffs, says Pantheon’s Shepherdson.
Large Investor Coalition Pressures ESG Disclosure on 700 Companies
With backers worth $10 trillion, the group includes the Washington State Investment Board and the New York Common Retirement Fund.
Newsmakers
Illinois Reverses Course on Salary Cap Bill that Would Mitigate Benefits
Gov. Pritzker does an about-face on last year’s 3% cap.
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.
People Moves Roundup
GAM’s Australia business gets a new director, PGIM names a global head, and more
Active Investing Adds Billions to Canada’s Pensions Annually
Analysis shows a passive strategy could have cost CPPIB nearly C$50 billion since 2006-2007.
CalPERS Commits More than $1 Billion To PE
However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.
Newsmakers
NextGens Breaking Today’s Glass Ceiling
How becoming a member of CIO’s future leaders club has aided in the career trajectory of its alumni.
Market Moves
What Will Happen to Stocks a Year After the Fed Cuts Rates?
Most of the time, shares are up nicely, except when there’s, um, a recession, an LPL study says.
Risk
UK’s NEST Pension to Quit Smoking
Move follows series of funds no longer interested in carrying tobacco-related investments.