Wealth Concentration Grows Among World’s Largest Asset Managers
The rich get richer as total assets under management of 500 largest managers nears $94 trillion.
News Archive: Nov - 2018
Newsmakers
Ukraine Names Yevhen Kapinus Head of National Pension Fund
Ousted Oleksiy Zarudnyi blamed for pension payment delay in July.
Newsmakers
UK Pension Equalization Angers British Women, Ex-Minister
Activist groups, Altmann disregard Parliament’s ‘gender equality’ measure.
SEC Bags Almost $4 Billion in Fines for Fiscal 2018
Most disgorgement payments came from the Petróleo Brasileiro SA case.
US Corporate Funded Ratio Slumps in October
Wilshire Consulting’s managing director calls the month’s 1.9 percentage point dip the ‘largest pull back’ since June 2016.
Newsmakers
San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Newsmakers
Illinois Teachers’ Asks for 10.6% More in State Contributions
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
New Actuary Rule for Assessing Pension Risk Kicks In
ASOP 51 requires looking at potential risks to plan’s future financial condition.
Risk
Norway’s Sovereign Wealth Fund Returns 2.1% in Q3
US equities help boost pension fund’s total market value to $1.02 trillion.
Venture Capital Investments May Be in Future for Two San Jose Pension Plans
Providing pensions to public workers in Silicon Valley’s largest city doesn’t mean investing in venture capital. The plans now are looking at whether they are missing an investment opportunity.
Corporate Moves
Exelon’s CIO to Chair CIEBA
Doug Brown will replace Boeing’s Andy Ward, who will remain on the board.
Risk
University of Chicago Endowment Returns 8%
Reaches all-time high of $8.2 billion, but misses 8.3% median return among colleges and universities.
Dutch Pension Age Increase Stalled Due to Life Expectancy Dip
Because of winter 2017’s flu epidemic, the Netherlands will not see a rise in the retirement age past 2022.
Largest US Community Foundation Sees Opportunity Zone Program Role
The top investment official of the Silicon Valley Community Foundation says foundations could provide loans to make new funds attractive for investors.
Newsmakers
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.