Regulation
Sustainability Leaders to Work on Common Corporate Reporting Standard
The group of five firms is responding to criticism that inconsistent disclosures make ESG reporting confusing.
News Archive: Sep - 2020
Pensions
US Corporate Pensions See Largest Monthly Funding Gain Since 2003
Funding boost helped by combination of robust investment gains and rising discount rates.
Nominations Open for the CIO Power 100
Success stories sought for a truly unusual year.
The Fed Will Trigger Hot-Running Inflation, Druckenmiller Warns
In four years or so, due to loose monetary policy, the CPI will be jumping by 5% to 10%, the renowned financier says.
Risk
Climate Change Poses ‘Major Risk’ to US Economy, Says CFTC Report
Combating threat will require public and private investments ‘in the trillions of dollars.’
Pensions
World’s Largest Pension Funds’ AUM Up 8% in 2019
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
Op-Ed: ‘Widening the Aperture’—A Key to Enhancing Minority Recruitment
A diverse talent pool can be accessed by expanding the recruitment process beyond finance-related fields, Northern Trust’s Abdur Nimeri writes.
Market Moves
Watch Out for a Doubling of Junk Defaults, Warns Gundlach
The Bond King fears their fundamentals are too rickety to persevere during this recession.
Asset Management Culture
PBGC to Pay Pension Benefits for McClatchy
Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.
Asset Allocation
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Newsmakers
Sept 10: Live Conversation with CalPERS’ Anne Simpson and ISS’ Viola Lutz on Climate Risk and Financial Performance
Register now to reserve your space at tomorrow’s CIO's Allocator Insights webinar.
Asset Management Culture
CPPIB Taps Edwin Cass as Pension Giant’s First CIO
Canadian fund also names Deborah Orida as head of real assets.
Market Moves
Goldman’s 10 Reasons That the Bull Market Will Resume
An array of forces will juice stocks anew and the early-September drop is just a correction, the firm argues.
Asset Management Culture
New York State Pension Increases Employer Contribution Rates
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
Research
Will Last Week’s Selloff Wake Up Investors to the Overvalued Market? El-Erian Asks
Allianz sage spells out the difference between lowered fundamentals, like earnings, and the current rally.