Market Moves
Business Spending Is Headed for Another Pinch-Penny Year
The tempo of cap ex should slow to just 1% growth in 2020, the Conference Board predicts.
News Archive: Feb - 2020
Pensions
Europe’s Largest Pension Fund Vows to Be Climate Neutral by 2050
The Netherlands’ ABP unveils sustainability plan for $515 billion portfolio.
Regulation
Norwegian Internet Company Opera Sued over ‘Misleading’ IPO Documents
Class action lawsuit accuses software firm of predatory lending practices.
Corporate Moves
Ernst & Young Plans to Go Carbon-Neutral by End of Year
Why would a white-collar company be an environmental threat? Think voluminous air travel.
Regulation
Mennonite Accountant Charged in $60 Million Ponzi Scheme
Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.
Asset Allocation
Canadian Defined Benefit Plans Return 13.6% in 2019
End-of-year equities rally boosts returns for pension plan portfolios.
Asset Management Culture
Sustainable City-Building ‘London Fund’ Emerges After Brexit Dust Settles
Three pensions pool their capital to invest in residential property/affordable housing, regeneration, digital infrastructure, and clean energy.
Asset Allocation
NY to Investigate Coal Investments to See If Green Efforts Are Improving
Move is a step in the New York State Common Retirement Fund’s overall plan to decarbonize its portfolio.
Asset Management Culture
M&A Will Rise in 2020, Just Not as Fast, Survey Says
Deloitte poll finds that 63% of dealmakers look for more activity this year, down from 2019’s expectations.
Asset Allocation
More Active Managers May Make a Comeback This Year: Mercer
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
Research
Oxfam Highlights ‘Shocking’ Wealth, Gender Disparity Stats
Report finds that 22 men have more money than all the women in Africa.
Newsmakers
Elizabeth Jourdan NextGen of the Year
Chief investment officers vote for Jourdan, who is now leading the team at Mercy, after she competes on a rapid-fire Q-and-A panel at CIO's Influential Investors Forum.