Newsmakers
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
News Archive: Mar - 2019
The Ontario Health Pension Turns in 2% Return for Tough 2018
Fund’s performance last year was driven by active management decisions.
Majority of Divestments Lose Value, Report Finds
Research shows that 54% of divestitures underperformed the markets since 2010.
Global Growth Weakens More than Expected
OECD lowers its GDP forecasts for nearly all G20 countries.
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
Corporate Moves
Future Fund Names New Private Equity Head
Hire ran global PE division at National Australia Bank’s investment arm.
Regulation
Dallas Police and Fire Wins Court Ruling on Post-Retirement Income
Texas Supreme Court sides with fund’s reduction of required 8% return from special program.
CIO Opens NextGen Nominations Through April 5
Asset owners and managers to choose 25 of the next industry champions.
Market Moves
3 Changes in American Investing that the Crisis Brought
The financial meltdown 10 years ago had long-lasting effects that aren’t going away.
Risk
World’s Largest Sovereign Wealth Fund Cutting Volatile Energy Stocks
Norway wants to reduce portfolio’s vulnerability to oil’s tendency to crash.
Research
Texas Teacher Retirees Could Receive a One-Time Pay Bump in 2020-21 Budget
What two new bills might do to help some of the fund’s retirees.
Weekly People Moves Roundup
Two big changes for Aviva Investors, LaSalle names a new CIO, and more.
Adviser Fined $1.6 Million for 25 Years of Pension Fraud
Restitution order comes after sentence of 41 months in prison.
Market Moves
Who Smashed the Up Ramp to the American Dream? Wall Street
So says a new poll searching for why upward mobility is tougher to achieve.
Newsmakers
China to Raise Debt to GDP Ratio, Tighten Infrastructure Investments
Nation lays out investment blueprints to hedge against slowing economy.