Coronavirus - COVID-19
Coronavirus Will Cause ‘Unprecedented Shock’ to Global Economy
Moody’s forecasts G20 economies’ GDP to contract 0.5% in 2020.
Tag: Coronavirus
Asset Allocation
BlackRock, While Predicting ‘Sharp’ Recovery, Is Building a Strong Cash Position
The $7.4 trillion asset manager sees cash as a guard against further shocks, leading a trend sweeping corporate America.
Coronavirus - COVID-19
New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19
Economic impact of virus could lower state pension valuation.
Coronavirus - COVID-19
Are Stocks a Bargain Buy Worth Taking?
Value star Bill Nygren thinks so. Hey, despite that latest pop-up, the market is still way down last month’s peak.
Coronavirus - COVID-19
US Public Pensions Lose $1 Trillion from Market Crash
Moody’s says governments are in a worse position to smooth costs than during financial crises.
Asset Management Culture
AM Best Creates Pandemic-Related Stress Test for Insurance Firms
Pension risk transfer market likely to slow because of downturn.
Coronavirus - COVID-19
Coronavirus Crisis Is ‘Crushing’ Global GDP Growth
Fitch Ratings slashes global growth forecast nearly in half to 1.3%.
Asset Management Culture
Exclusive: San Francisco’s CIO Calls Allocators and Industry Leaders to Action during Pandemic
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
Asset Management Culture
New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
Coronavirus - COVID-19
New York Expects ‘Sharp Fall’ in Wall Street Bonuses
Commissions in the securities industry have dropped during other financial crises. In 2008, they fell 47%.
Coronavirus - COVID-19
S&P Global Forecasts Global Recession Due to Coronavirus
China is a barometer for what the rest of the world can expect in the downturn, firm says.
Asset Management Culture
BlackRock Commits $50M to Coronavirus Relief Efforts
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
Asset Allocation
Coronavirus Chaos Torpedoes Municipal Bond Market
After initially staying strong as markets declined, munis tumble 11% in 11 days.
Coronavirus - COVID-19
Survey Finds Varying Levels of Institutional Investor Confidence in the US Government’s Ability to Contain Pandemic
Eaton Partners examines institutional investors’ adaptive strategies to the market and outlooks across several key considerations regarding the coronavirus.
Coronavirus - COVID-19
CalSTRS Prepares its Employees to Shelter in Place
The retirement system has closed its member service locations and temporarily suspended its contact center to adhere to the state mandate.