In The News
A pension fund covering New York Teamsters overinvested in private equity and other risky assets in an attempt to chase an unreasonable rate of return set by the plan’s actuary, according to a proposed class action complaint filed in the U.S. District Court for the Southern District of New York.
Defined benefit plan fiduciaries can expand on their evaluations of ESG investments to show they are financially beneficial and not just a philosophical choice.
Manhattan Institute recommends moving to defined contribution plans and consolidating funds.
A recent report by CFTC outlines how escalating climate risks could threaten pension payouts over the coming decades.
In the years between 2003-2018, combined state pension funds’ unfunded liabilities have grown from $233 billion to $1.237 trillion.
Over the last week, Leon Black’s giant investment firm, Apollo Global Management Inc., has confronted one question after another about his decades-long relationship with convicted sex offender Jeffrey Epstein.
Investors have thronged the largest hedge funds since the last financial crisis as they sought safety in size. Now, they’re paying a hefty price.
Lone Wolf Technologies recently announced that funds managed by Stone Point Capital LLC will become Lone Wolf’s lead institutional investor, powering the next phase of the company’s growth.
Plan sponsors using an outsourced chief investment officer have more diversified asset classes and a mix of active and passive investment options in their fund lineups, PGIM research found.
Four concrete reasons why D&I is important from an investment management perspective.