Asset Allocation
Oil Price Will Keep Climbing, by Another 12%, Goldman Says
Demand continues to be high and that’s not about the change, the firm says.
News Archive: Jun - 2022
Asset Allocation
New Champs: Index Funds Edge Past Actives in Stock Market Share
Better performance and lower fees lead to switch. Demographics, too.
Newsmakers
Los Angeles Fire and Police Pensions GM Ray Ciranna to Retire
Ciranna will remain with the pension fund until the end of August.
Risk
Should We Really Be Afraid of Stagflation?
Nope, argues Meketa, pointing to how energy’s role has shifted since the 1970s.
Newsmakers
Charles Counsell to Step Down as TPR CEO
Counsell, who took the post in 2019, will leave at the end of March 2023.
Newsmakers
Fernando Vinzons Named New CIO at Chicago Teachers’ Pension Fund
Vinzons’ appointment comes at a time when Chicago Teachers’ is fighting to improve its poor funded ratio.
Asset Allocation
The Tiger Cubs Get Clubbed as Tech Tanks
These proteges of Julian Robertson, the hedge fund pioneer, were doing spectacularly well, until recently.
Regulation
PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans
Public commenters expressed concerns over investment restrictions, discount rate calculations.
Regulation
Baltimore Firm Ordered to Restore Missing 401(k) Funds
Following a Labor Department probe, Bicallis LLC must pay more than $150,000 to its retirement plan and has been replaced as fiduciary.
Risk
Governance Issues Loom Over US Pension Funds
U.S. public pensions entered 2022 well-funded, but they could falter without significant governance reforms.
Risk
June Is a Sad Month for Stocks—Sorry, Long-Suffering Investors
In midterm election years, it’s the worst, and in other times it’s no prize either, says LPL’s Detrick.
News
SEC Charges Hedge Fund Adviser With $39 Million Fraud
Andrew Middlebrooks allegedly embezzled money from investors to pay for jewelry, credit card bills and his wife’s business.
Asset Allocation
Amid the Gloom of Q1 2022, Alternatives Offer Some Optimism
Wilshire and BNY Mellon both report that plans with heavy exposure to alternatives were more resilient this quarter.
Risk
There’s a Better Way to Harness Risk Parity Strategies, Says NISA
Leverage can distort managers’ results, making them look better than they are, its study charges.
Regulation
New York AG Sues Albany Diocese Over Pension ‘Mismanagement’
Lawsuit seeks to restore lost benefits for more than 1,100 former St. Clare’s Hospital workers.