News
SEC Finalizes New MMF Liquidity Rules to Start in 2024
The new rules will increase liquidity requirements and change the fee structure.
News Archive: Jul - 2023
Asset Allocation
That Nasdaq 100 Rebalancing Likely Won’t Change Much
The Magnificent Seven tech giants will continue to dominate the index, critics say.
Asset Allocation
Norway’s Pension Fund Global Excludes Chinese Firm for Environmental Damage Risk
The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.
Regulation
PBGC Updates Terminated Single-Employer Plan Benefits
The PBGC updated ambiguous regulations and practices, such as when lump sum payments are acceptable under their trusteeship.
News
How Sovereign Wealth Funds Can Spur Infrastructure Development
Stanford’s Ashby Monk and colleagues have a plan to attract capital to developing nations.
Asset Allocation
Japan’s GPIF Ends Losing Streak With 5.4% Return in Fiscal Q4
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Newsmakers
Deadline Is Today for 2023 Knowledge Brokers Nominations
Chief Investment Officer is asking asset allocators which consultants and advisers have ‘done right by them’ in the current market environment.
Market Moves
Maybe It Will Be a W-Shaped Recession
Perhaps the 2020 downturn was just Part 1, BCA Research warns.
Pensions
Fully Funded Status of Canadian DB Plans Keeps Rising in Q2
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Regulation
Supreme Court Will Hear Challenge to SEC Administrative Courts
The case has implications for the administrative and enforcement authority of many executive agencies beyond the SEC.
Newsmakers
Britt Harris Steps in as Acting CEO at Texas Permanent School Fund
Veteran of state’s pension program and university system will stand in for the recently retired Holland Timmins.
Corporate Moves
Conning Acquired by Italian Insurer Generali
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
Corporate Moves
Manulife Investment Management Names Aviva’s Colin Purdie as Public Markets CIO
He succeeds Christopher Conkey, who will step down in December after more than 13 years with the firm.
Regulation
CFTC Imposes $145.7M Penalty on Fraudulent Silver Scheme
The scam, ongoing since 2014, involved selling silver coins to more than 200 investors, who then leased them back in exchange for monthly payments.
Market Moves
Why the Bedraggled IPO Market May Be Poised For a Comeback
An encouraging second quarter, with a star offering, is stoking dormant optimism.