Regulation
Congress Eyes Barring Federal Pension Investments in China
An independent government body had been preparing to invest in a global index that has 7.5% Chinese stocks.
News Archive: Nov - 2019
Risk
Low Interest Rates Are ‘Poison,’ Says JPM Savant
Monetary easing will harm economic growth, David Kelly warns.
Regulation
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’
Manager Selection
Danish Pension ATP Names Mikkel Svenstrup CIO
$133 billion program poaches top investor from P+.
Market Moves
Denmark’s PFA Earns $8.5 Billion in Year’s First Three Quarters
Record returns equated to a market rate return of 10.5% for pension plan.
Asset Allocation
US Public Pensions Boost Stock Exposures Back to Pre-Recession Levels
Investors’ plan allocations to US equities averages 47.3%, the highest level since 2007, says Wilshire.
News
Goldman Sachs Sued Over 401(k) Plan
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
Asset Management Culture
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.
Risk
Ohio Retirement System Eyes Reduced Benefits for New Workers
Proposed retrenchment would apply to workers hired in 2022 and beyond.
US Pensions Report Weak Q3 Returns
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
News
New York Pension Fund May Lower Holdings in Stocks
Concerned about downturn risk in equities, the New York State Common Retirement Fund may tilt allocation to bonds.
Asset Management Culture
Top 20 Endowment and Foundation CIOs
2019’s most innovative and influential corporate women and men.
Newsmakers
No Recession Before the 2020 Election, Goldman Chief Predicts
David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.
Market Moves
Investors Put Out Welcome Mat for Hospitality Real Estate
Onetime niche sector has been attracting investor interest in recent years.
Asset Allocation
Fire Managers Who Ignore Climate Change, Says UK Pension Regulator
Guy Opperman insists plan trustees must ensure that investment managers employ ESG tenets.