In The News
The largest fund in New Jersey’s embattled pension sold Apple, Microsoft, and GE stock in the second quarter. It also initiated a stake in biotech Moderna.
Blueprint Capitol Advisors seeks $40 million in damages from the New Jersey Division of Investment, BlackRock Alternative Advisors, and Cliffwater L.L.C.
A surge in liabilities from low discount rates dropped aggregate ratios 1.3 percentage points to 79.9%, Wilshire says.
The coronavirus pandemic has already wreaked havoc on the city’s financial health, with officials tightening their belts.
Bond investors are wary about a return of coronavirus-induced volatility, despite central banks’ efforts to backstop credit markets.
North Carolina’s state pension system has recovered from the stock market’s COVID-19 fallout, the state treasurer said.
UMass retirees top the state’s $5.44 billion pension system, with the university’s former President William “Billy” Bulger set to pocket nearly $272,000 this year, records say.
Double-digit stock gains gave a welcome boost to investment returns of many public pension funds, yet many remain far off long-term targets.
Mississippi’s defined benefit pension system’s investments took a massive hit from recession associated with the COVID-19 pandemic, according to a quarterly investment report through March 31.
Investors are bracing for more defaults and disruptions in emerging markets after Argentina’s deal with creditors highlighted the pandemic’s stress on many developing economies.
