Market Moves
Long-Ignored Dividends Will Rise, Says Jefferies
Stock buybacks are expected to shrink, leaving room for more payouts, the firm believes.
Tag: Tax
Regulation
Connecticut Bill Would Allow Cities to Tax Private College Endowments
Yale’s $41.4 billion endowment could be targeted by the city of New Haven if the proposed legislation passes.
Newsmakers
Michigan Pension Tax Likely to Be Removed
Currently, there are only 12 states that do not tax retirement income. Michigan might become the 13th.
Regulation
How Carbon Pricing Could Get a Boost in Biden’s Washington
Sustainability advocates argue that financial markets are not properly pricing in climate risk. That could change as Democrats take over the executive branch.
Market Moves
ETFs on the March: Huge Inflows in September Set Up 2020 for Near Record
They gathered $35.2 billion last month, which should make this year second only to 2017’s blowout.
Pensions
New York Common Fund Returns 10% in First Quarter
After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.
Coronavirus - COVID-19
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Risk
Analysis Says NC Pension’s Fiscal Health in Jeopardy
Report warns that pension’s return assumptions are ‘overly optimistic.’
Corporate Moves
Skjervem Resigns From Oregon State Treasury
The chief investment officer is moving to an investment management consulting firm in Northern California.
Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Pensions
CalSTRS Revamps ESG Guidelines
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
Pensions
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.
Risk
The Debate Over Warren’s Tax on Investments and Medicare for All
Democratic presidential contender garners criticism that her plan is an indirect tax on the middle class.
Newsmakers
Oregon PERS Scrambles for Ideas to Bolster Public Pension Plan
Gov. Kate Brown wants to put $2 billion into schools and retirement system.
Minimizing the Endowment Tax
Goldman Sachs offers strategies universities can use to reduce the effect of the new endowment tax.