Asset Management Culture
Pennsylvania SERS Waives Minimum Required Payments from DC Plan
Permitted under the CARES Act, the provision allows portfolios to recover from stock market downturns.
News Archive: Apr - 2020
Alternatives
Barclays Joins the Carbon Neutrality by 2050 Movement
The UK-based bank has indicated it wants to align the principles of all its financing activities with that of the Paris climate agreement.
Coronavirus - COVID-19
What Bear Market? Why the More Solid Stocks May Be on the Upswing
While more overall market misery likely is in store, this bunch should be headed higher, SunTrust’s Lerner says.
Alternatives
Coronavirus a Boon for 2018/2019 Private Equity Vintage Funds
New funds will acquire portfolio companies at bottom of price curve.
Corporate Moves
Goldman Sachs Veteran Tapped as Japan’s GPIF CIO
Eiji Ueda will take over the $1.5 trillion plan as it pushes into foreign assets.
Asset Management Culture
CDPQ Creates Fund to Support Quebec Firms Affected by Pandemic
Canadian pension giant provides C$4 billion ($2.83 billion) to help struggling businesses in the province.
Corporate Moves
OP-ED: Why Shareholder Meetings Should Go Virtual in 2020
Regulations are needed to allow for virtual shareholder meetings in the wake of COVID-19.
Coronavirus - COVID-19
Corporate Pension Plans Drop to Lowest Level in 8 Years
The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Coronavirus - COVID-19
30% of Home Mortgages Could Default, Moody’s Warns
If virus-fueled economic crunch lasts through summer, look out, says economist Mark Zandi.
Alternatives
NY State Pension Invested $2.7 Billion in Alts Just Before Market Tanked
The $210.5 billion fund invested more than $2.2 billion in private equity and no money in public equities.
Asset Management Culture
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Coronavirus - COVID-19
Battered Shale May End up in Good Condition, Goldman Says
The upstart industry’s flexibility is a big advantage to its longevity amid an oil price war, the firm believes.
Asset Management Culture
Asset Managers Face COVID-19 Legal, Compliance Issues
Shearman & Sterling identifies matters for asset managers to consider during the pandemic.
Asset Management Culture
Oregon Nonprofit Eyes $10 Million Relief Fund for the Arts
The state legislature is poised to channel the money to arts and cultural groups at risk from the crisis.
Regulation
Musicians Pension Settles Lawsuit Over ‘Risky’ Investments
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.