Newsmakers
Charlie Munger Airs a Morose View of the Future
Lack of innovation and ‘wretched excess’ signal trouble is coming, Buffett’s pal warns.
News Archive: Feb - 2020
Pensions
Japan’s Government Pension Fund Returns 4.61% in Fiscal Q3
World’s largest pension fund’s asset value rises to $1.54 trillion.
Alternatives
Natural Resources Fundraising Faces Tough Environment
'Underwhelming' performance may influence future growth for the asset class.
Asset Management Culture
Indiana Congressman Calls on CalPERS CIO To Be Fired
Ben Meng is too close to the Beijing regime, says lawmaker Jim Banks, joining earlier attack from Secretary of State Mike Pompeo.
Pensions
Kentucky Lawmakers to Make Honorable Transfer into Depleted State Retirement System
Legislators convene to align their interests with that of their constituents under the state’s ailing pension system.
Pensions
Tumbling Discount Rates Eat Away at Funded Ratios
Despite $14 billion investment gain in January, falling rates cause US corporate pension deficits to balloon.
Asset Allocation
Denmark’s Largest Pension Fund to Launch Sustainable Vehicle
PFA says Climate Plus will be carbon neutral in five years.
Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Market Moves
Ray Dalio Says China Virus’ Market Impact Will Be Minimal
The effect of the outbreak has been ‘exaggerated,’ hedge fund honcho declares.
Pensions
New York Maintains ‘Conservative Approach’ With 5.3% Third Quarter Return
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Asset Allocation
Harvard Faculty Divestment Vote Unlikely to Sway Endowment
The university’s management firm has resisted pressure to divest its $41 billion portfolio from fossil fuels.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Alternatives
Pushing for New Donors, Columbia Is Building a Climate School
The university made sweeping commitments to sustainability, including a carbon neutral pledge for 2050 and the appointment of a chief climate officer.
Research
Brainiacs Adapt Human Skull Analysis to Predict Recessions
MIT and State Street researchers’ new index forecasts over 70% chance of recession in six months.
News
Chinese Family Offices Return 11% in 2019
Private equity is the top performer, while fixed income is the largest allocation.