Pensions
Market Rebound Spurs Record 33.55% Return for NY State Pension Fund
Equities helped boost the investment portfolio’s asset value by more than $60 billion to $254.8 billion.
Tag: Pandemic
Alternatives
The Weird Reason Gold Will Head Still Higher
Oddly, ETFs that track the yellow metal aren’t gaining new money, a paradoxical bullish sign, says market sage.
Market Moves
The Case for Why China Is a Good Investing Destination
At our symposium, the president of its largest fund manager sketched out that nation’s advantages.
Pensions
How Allocators Can Find Good Health Care Investments After the Vaccine Rollout
The outlook for new technologies is bounteous, our symposium panel says.
Research
COVID-19 Has Disproportionate Impact on Multiemployer Plans by Industry
Survey finds construction industry plans remain healthy, while transportation and manufacturing plans struggle.
Asset Management Culture
Diversity, Inclusion, ESG Are Key Focuses for Headhunters Seeking CIOs
The pandemic and social upheaval have impacted trends in hiring at endowments, family offices, and foundations, recruiters tell our symposium.
Pensions
Fintech CEO Pleads Guilty to COVID Loan Fraud
Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.
Asset Allocation
Tax Change Fears Spur Record M&A Dealmaking in Q1
The specter of higher capital gains taxes in 2022 accelerated activity, Echelon says.
Pensions
Ontario Teachers’ Pension Fund Misses Benchmark with 8.6% Return in 2020
But the C$221.2 billion plan ends 2020 fully funded for the eighth straight year.
Alternatives
Alts Grow Bigger and Bigger in Institutional Portfolios
Some 86% now invest in alternatives, says Nuveen survey.
Market Moves
After the Bull Market’s First Year, What Happens in the Second?
History shows it’s usually a good run, but not as strong, LPL’s Detrick says.
Asset Allocation
Special Report: How to Make Money from Distressed Real Estate in 2021
Pension funds and other institutions are considering investing in problem properties via KKR, Apollo, Blackstone, and other Wall Street players. The goal: turnarounds.
Research
OECD More Than Doubles US Economic Growth Forecast
Fiscal stimulus and a sustained vaccination pace are expected to spur the strongest GDP growth in 37 years.
Market Moves
Will Pent-Up Consumer Demand Really Supercharge the Economy? Uh-uh, Economist Warns
Stephen Roach: A lot of consumer spending already has occurred and the federal aid package will be just a temporary boost.
Pensions
COLA Freeze Removed from Pension Bailout Plan
American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze.