In The News
In response to an August 25, 2022 ruling in Franklin Circuit Court, the Kentucky Public Pensions Authority (KPPA) is releasing an investigative report on previous investment activities produced by Calcaterra Pollack LLC.
Developing world specialist Daniel Wood says asset managers are selling Kremlin-linked debt at close to 80% discount, with international hedge funds being the biggest buyers.
Texas is making headlines for its oil-fueled university endowment, which could overtake Harvard, but this is no time to gloat.
Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network LLC, with its chief executive officer conceding the fund invested “too soon” in the sector.
In new draft rules posted Monday on the website of the agency that oversees Florida’s pension fund, state investment managers can weigh only the risk or return of an investment when directing the state’s $200 billion in assets.
Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.
Retired teachers say STRS Ohio shouldn’t pay nearly $10 million in bonuses to investment staff when the pension fund lost billions of dollars.
The two will join the firm’s retirement plan sales team.
This year hasn’t had 2021’s high-profile announcements, but trends say colleges are likely avoiding coal, oil and gas — whether they trumpet it or not.
