Corporate Moves
CalSTRS COIO Debra Smith to Retire in May
The largest educator retirement system will soon search for her successor.
News Archive: Apr - 2020
Coronavirus - COVID-19
Here’s How Rotten Corporate Earnings Will Be This Year
Analysts say EPS should be 8.3% in the red, although that may be too sanguine.
Coronavirus - COVID-19
CalPERS Delays Launch of Two Programs to Lower Drug Costs
The shift to next year is due to the disruption from the coronavirus, the retirement system says.
Coronavirus - COVID-19
US Corporate Pensions See Shocking $93 Billion Funding Gain in March
Surging discount rate offsets asset loss of $85 billion.
Coronavirus - COVID-19
UK Equity Funds Weather Market Turmoil Surprisingly Well
Fixed income unexpectedly takes brunt of record monthly outflow of UK mutual funds.
Manager Selection
CalPERS Appoints New Deputy CIO for Total Portfolio Strategy
The state retirement system chooses 16-year veteran Dan Bienvenue, who has overseen global equity.
Coronavirus - COVID-19
Ackman Scored $2.6 Billion on Bond Bets as Markets Sank
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Coronavirus - COVID-19
Report: Virus’ Effect on NYC Teachers’ Pension Fund Poses Risk to City
NYU pinpoints the program’s unique Tax-Deferred Annuity offering and contribution volatility as threats.
Pensions
Short-Term Losses Dent Norway’s Long-Term Returns
Pension giant’s 10-year return down over 2% after $112 billion first quarter loss.
Asset Management Culture
Keep Workers on the Job, Group Demands, as Business Leaders Start to Concur
Investor group, headed by New York City Comptroller Scott Stringer, now sees the corporate world headed its way.
Coronavirus - COVID-19
New Jersey Is Enlisting State Pensioners to Return to Work
The governor hopes to bolster ranks thinned by the coronavirus, letting retired workers collect regular pay without shrinking their pension payouts.
Coronavirus - COVID-19
Fitch Downgrades Outlook Again as Pandemic Worsens
Agency sees ‘deep global recession,’ says immediate hit will be worse than global financial crisis.
Coronavirus - COVID-19
Europeans Worry About Financial Future in Low Interest Rate Environment
A joint research paper concludes Europeans are most worried about their ability to save for retirement.
Alternatives
OP-ED: Getting Ahead of Structural Change After the Chaos
Shifts to consider when planning future investments.
Coronavirus - COVID-19
UN Proposes $2.5 Trillion Coronavirus Package for Developing Countries
COVID-19 economic shock to developing nations even more dramatic than 2008 financial crisis.