In The News
The main state-employee pension fund has recovered significantly from the coronavirus-linked stock market sell-off back in March, according to State Comptroller Thomas P. DiNapoli.
California Public Employees Retirement System (CalPERS), the largest public pension fund in the United States by assets, has increased its exposure to stocks of Nio Inc, Nikola Corporation, and Zoom Video, the fund disclosed in a form filed with the U.S. Securities and Exchange Commission.
Competing visions of the SEC mission have driven a pronounced split between Democratic and Republican members. A rebalancing of power on the Commission under a new presidential administration is likely to refocus future rulemaking to emphasize investor protection.
Factors affecting institutional investors are just as applicable for individual investors, which are fuelling the increased interest in alternatives.
They seek to combat climate change through financial pressure.
A new governance study has confirmed what many United Nations Joint Staff Pension Fund observers have long surmised: there are significant variances between the fund’s own operations and best practices and those of pension funds elsewhere.
The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities.
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
But the pandemic has not slowed down pension buyout activity.
Only half of investment houses will still exist by 2030 as size becomes crucial to success, research predicts.