Opinion
Q&A: Shundrawn Thomas Discusses His Push for Diversity, Empathy
The president of Northern Trust Asset Management has written several open letters about the unequal toll marginalized communities face.
Tag: Aquity
Opinion
OP-ED: Disaggregate Your ‘Aggregate’ Composite
Longtime CIO Tony Waskiewicz discusses the benefits of investment grade bonds and Treasuries in this complex market.
Alternatives
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Asset Allocation
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Regulation
Proposal Denied! SEC Rejects Plan to Allow New Capital Raises Through Direct Listings
NYSE’s new idea hits a roadblock.
Asset Allocation
One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.
Manager Selection
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
SEC Questions Strategy for Thinly Traded Securities
‘One-size-fits-all’ equity market structure ‘may not be optimal’ for low-volume trades.
A Large Equity Drawdown Would Cause Major Problems for CalPERS
Poor equity performance is the biggest risk for the largest US pension plan, review shows.
Research
Canadian DB Pensions End 2018 in the Red
Tumbling equity markets in Q4 negated a strong first half.
Risk
Global Equity Performance Disrupts New Jersey’s 29-Month Positive Return Streak
Investment Council also reviews private equity and real assets pacing plans through 2025.
S&P 1500 Pension Funded Status Rises 2% in July
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Risk
Church of England Pensions Board to Slash 50% of Its Public Equity
Agency to de-risk from stocks in favor of infrastructure, greater diversification.
Asset Allocation
Tobacco, Weapons Exclusions Reduce Norway Fund’s Returns
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
NACUBO: Endowments Returned 12.2%
But 10-year average annual dips to 4.6%.