Market Moves
Ken Griffin Slams Socialism and Government Spending
Hedge fund chief, a GOP donor, points to Venezuela to prove case.
News Archive: May - 2019
NY Pension’s Fossil Fuel Divestment Efforts Facing Stalwart Opposition
Opponents of the bill cite New York’s potential influence on the rest of the country.
Corporate Moves
Senate Confirms Gordon Hartogensis as Director of PBGC
Family trust trustee with Senate connections named 16th director of pensions lifeboat.
Kentucky Pension Lawsuit Alleging Hedge Fund Fraud Dismissed
Court rules plaintiffs couldn’t demonstrate how they had been damaged.
Newsmakers
South Dakota Gears Up Emergency Plan
Reduction in subsidies would be first remedy if system’s funded status drops below 100%.
Research
Majority of Rhode Island’s Locally Run Municipal Pensions Flunk Financial Test
State urges them to join consortium it administers and turn things around.
Newsmakers
Two Top Australian Supers to Merge
Equip and the Catholic Super mark nation’s third big merger in three months.
Avery Dennison Transfers $750 Million in Pension Obligations
Deal with AIG covers 8,500 members of plan terminated in July 2018.
Canadian Funds Return 8.3% in Q1
Despite strong gains, funds underperformed the benchmark portfolio.
Market Moves
Add Carl Icahn to the List Opposing MMT
Billionaire activist investor joins Buffett and Powell in criticizing loose-spending plan.
Asset Allocation
San Antonio Fire and Police Wants More Private Investments
New consultant NEPC suggests targets will be achieved by keeping a steady pace in commitments.
Risk
Denmark’s ATP Rebounds Big
Fund sticks to its ‘disciplined approach’ despite 21% return in the first quarter.