Newsmakers
Comptroller Stringer Responds to Reports that Wells Fargo’s Sanger Will Step Down
In the wake of an auto insurance scandal, Stringer feels the board has more work to do.
News Archive: Aug - 2017
C.A.R. Objects to Freddie Mac’s Plans to Guarantee Single-Family Rentals
The GSE is looking into providing financing for investors interested in buying single-family homes to provide affordable rentals.
PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.
Research
Mercer: S&P 1500 Pensions 83% Funded in July
Interest rates still “40 basis points above 2016 lows.”
Northstar Aerospace Workers Occupy Plant Over Pension Cuts
Union says workers could face a 24% reduction to their income.
Newsmakers
Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues
Tells WEKU he must “focus first on the pension issue.”
Newsmakers
SMUD to Power 50% of CalPERS Electricity Via SolarShares Program
20-year agreement to help demonstrate the program’s greenhouse gas reduction opportunities, cost-effectiveness.
Newsmakers
Hartford HealthCare Increases Allocations to Private Strats
Searches for niche opportunities within emerging markets.
UK Defined Benefit Plans’ Deficit Shrinks
Reports from Pension Protection Fund and Mercer show improved DB funding.
MSCI EM Index Up 25% YTD
WTI Crude prices hit $50 for the first time since May.
Despite Increased Competition, VC Fund Managers Confident in Future Opportunities
Preqin study finds main concerns are the exit environment, fundraising, and performance.
Research
UK Baby Boomers Living Large Off Pensions
Report shows retirees’ disposable income more than quadrupled since 1977.
Valvoline to Make $400 Million Pension Contribution
Company launches debt offering to raise funds for pension.
Research
Tremendous July Flooding Costs Asia Over $10 Billion in Damages
China felt biggest impact, primarily in Yangtze River Basin.
