Pensions & Investments

10/11/2021

3 share Nobel economics prize for work using natural experiments

The 2021 Nobel Memorial Prize in Economic Sciences will be shared by 3 United States professors for their work on labor market economics.

#Awards #Economics #NobelLaureates #LaborMarket #MinimumWage #Unemployment #Immigration

University of California, Berkeley, professor David Card was awarded one half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labor economics," while Massachusetts Institute of Technology professor Joshua D. Angrist and Stanford University professor Guido W....

10/10/2021

BlackRock gives institutional investors proxy-voting choices

Will BlackRock giving some of its institutional clients a bigger say in proxy-voting decisions open the doors for more firms to directly facilitate participation?

#PensionFunds #Investing #ProxyVoting #ESG #Governance

BlackRock is giving some of its institutional clients a bigger say in proxy-voting decisions.

10/10/2021

Inside the latest growth in real estate assets under management with new graphics from the P&I data team: http://ow.ly/LoBr50GoIpZ

#PI_SpecialReport #PI_Graphics

Inside the latest growth in real estate assets under management with new graphics from the P&I data team: http://ow.ly/LoBr50GoIpZ

#PI_SpecialReport #PI_Graphics

10/08/2021

ESG factors becoming a focus for real estate investors

While ESG factors play an important role in real estate managers’ investments, asset owners want them to look inward at their diversity and inclusion efforts.

#PI_SpecialReport #RealEstate #AssetManagement #Alternatives #DEI #ESG

http://ow.ly/wczF50GoImd

While ESG factors play an important role in real estate managers’ investments, asset owners want them to look inward at their DEI efforts.

10/06/2021

Managers recover to record exceptional 2020, McKinsey says

The North American asset management industry was propelled into extremely positive, and yet completely uncharted, territory over the past 18 months, McKinsey & Co. says.

#COVID19 #MoneyManagement #MoneyManagerEarnings #Economy

http://ow.ly/KgoR50GmSwS

The asset management industry was propelled into extremely positive, and yet completely uncharted, territory over the past 18 months.

10/05/2021

Unless interest rate or other assumptions change significantly, more plans will have to cut their assumed rate of return. A new P&I Editorial suggests employing a leveraged approach. Read more: http://ow.ly/u8kh50GmgdK

#PI_Editorial #DefinedBenefitPlans #PublicPensions #PensionFundReturns #InterestRates

Unless interest rate or other assumptions change significantly, more plans will have to cut their assumed rate of return. A new P&I Editorial suggests employing a leveraged approach. Read more: http://ow.ly/u8kh50GmgdK

#PI_Editorial #DefinedBenefitPlans #PublicPensions #PensionFundReturns #InterestRates

10/04/2021

Water risks, opportunities need attention

Institutional investors could be key players in addressing the global water crisis, but more attention needs to be paid to the risks and opportunities, advocates say. P&I talks with investors about solutions ahead of the UN Climate Change Conference.

#ESG #ClimateRisk #WaterCrisis #SustainableInvesting #Alternatives #Infrastructure #RiskManagement #COP26

Water as an investment risk and opportunity is not getting the attention it deserves from investors, according to advocates.

09/28/2021

Fed's less rosy forecast

New P&I interactive graphics explore the Federal Reserve's less rosy near-term inflation and unemployment forecasts.

#PI_Graphics #TheFed #ChartOfTheDay

The Federal Reserve recently raised its near-term inflation and unemployment forecasts while lowering its GDP estimate.

09/28/2021

Hedge fund AUM increases 14.2% on disruptions

Hedge fund managers took advantage of the tailwind of strong global growth and COVID-19 uncertainty to raise their assets under management in the year ended June 30. Total assets reported to P&I increased 14.2%.

Hedge fund managers took advantage of the tailwind of strong global growth and COVID-19 uncertainty to raise AUM in the year ended June 30.

09/27/2021

Beijing's ongoing crackdown on tech companies has left many investors wondering if the days of Chinese firms listing on U.S. stock exchanges through the American Depository Receipt market are over. A new P&I commentary examines the opportunities that remain: http://ow.ly/RCvG50Ghb2E

#Commentary #Indexing #Fintech #ADRmarket

Beijing's ongoing crackdown on tech companies has left many investors wondering if the days of Chinese firms listing on U.S. stock exchanges through the American Depository Receipt market are over. A new P&I commentary examines the opportunities that remain: http://ow.ly/RCvG50Ghb2E

#Commentary #Indexing #Fintech #ADRmarket

09/23/2021

Boston University to divest from fossil fuels

Boston University will phase out investments in fossil fuels beginning immediately.

#ClimateCrisis #ClimateRisk #DivestFF #HigherEd #Investing #Endowments #ESG

Boston University will divest from fossil fuels, effective immediately.

09/23/2021

UNC endowment basks in blistering 42% return

The UNC Investment Fund, which includes the endowment assets for The University of North Carolina at Chapel Hill, reported a return of 42.3% for the latest fiscal year, blowing by its benchmark.

#HigherEd #Endowments #ESG #Investing

A fund that holds $5.1 billion in endowment assets for the University of North Carolina at Chapel Hill reported a return of 42.3%.

09/22/2021

Multimanager funds changing industry, but hurdles remain

Multimanager hedge funds changed the industry over the past five years, attracting billions, but many institutional investors still balk at high fees & long lockups for capital. Our P&I special report dives into the state of the industry's largest multimanager firms: http://ow.ly/7tjk50GeuBB

#PI_SpecialReport #PI_HedgeFunds #Alternatives #AssetOwners #RiskManagement #Investing #HedgeFunds

Multimanager hedge funds changed the industry over the past five years, attracting billions, but many are hampered by capacity constraints.

09/22/2021

Managers eye alts firms in September deal-making

M&A News: September has already been a busy month as money managers scooped up several alternative investing firms.

#MoneyManagement #MoneyManagerMandA #Alternatives #PrivateEquity

September was a busy month as money managers scooped up several alternative investing firms.

09/21/2021

PRT market continues to gain steam with improved funding

The U.S. pension risk transfer market is expected to see a strong 2021 as corporations take advantage of improved funded status to derisk.

#PensionRiskTransfer #RiskManagement #PensionFunding #DefinedBenefitPlans #CorporatePensions

The U.S. pension risk transfer market is expected to see a strong 2021 as corporations take advantage of improved funded status to derisk.

09/20/2021

Investors favor euro bonds as Fed takes different path

A pivot to Europe? Money managers and investors are showing a preference for eurozone bonds over U.S. Treasuries as the European Central Bank and the U.S. Federal Reserve take different paths.

#Investing #FederalReserve #InterestRates #MoneyManagement #ECB #TheFed #FixedIncome

Managers and investors are showing a preference for eurozone bonds over U.S. Treasuries as ECB is slowly ending its asset purchase program.

09/19/2021

Biggest funds increase 11.5% to hit $21.7 trillion in 2020

Despite the COVID-19 pandemic, assets of the world’s 300 largest retirement funds increased 11.5% to $21.72 trillion in 2020. A thread:

#PI_SpecialReports #PI_Megafunds #AssetOwners #Investing

http://ow.ly/GsCe50Gc9Wv

Despite the coronavirus pandemic, assets of the world’s 300 largest retirement funds increased 11.5% to $21.72 trillion in 2020.

09/17/2021

Employer mandate for offering a retirement plan faces headwinds

A proposed mandate for #AutoEnroll retirement plans could be a "game changer," sources say, but it only has the backing of one political party in Washington. Retirement experts often talk about getting people to save more for retirement and this proposal would provide access to #401k and #IRAs plans for dramatically more people, so what is behind the partisan divide?

#Legislation #RetirementPlans

An auto-retirement plan proposal could be a "game changer," sources say, but it only has the backing of one political party in Washington.

09/13/2021

Apollo chugging along after being caught up in Jeffrey Epstein scandal

While some asset owners distanced themselves after Apollo Global Management Inc. was caught up in the Jeffrey Epstein scandal, the firm is still winning mandates. See how Apollo is chugging along in new P&I graphics: http://ow.ly/WUsX50G90EV

#PI_Graphics #MoneyManagement #InstitutionalInvesting

09/09/2021

Commentary: Short selling companies with large carbon footprints can reduce climate risk, express sustainability goals

Short selling large carbon emitters can put pressure on companies, lower #ClimateRisk, and express sustainability goals, writes James Jampel and Matt Niblack of HITE Hedge Asset Management LLC.

#Commentary #Investing #ESG #RiskManagement #Equities #ClimateChange #SustainableInvesting

Short selling large carbon emitters can put pressure on companies and lower climate risk.

09/02/2021

Private equity continues to lead fund closings

New P&I interactive graphics show how private fund closings are growing with #PrivateEquity funds continuing its decade long lead.

#PI_Graphics #PrivateDebt #Alternatives #RealEstate

There have been a greater number of private fund closings this year and a higher dollar total, with private equity continuing in the lead.

08/27/2021

Spur DC engagement with a bit of fear, study finds

Plan sponsors looking to boost engagement might want to consider messages that arouse fear in their participants, new research finds.

#DefinedContributionPlans #401k #Retirement #RetirementSavings

Plan sponsors looking to boost engagement might want to consider messages that arouse fear in their participants.

08/24/2021

U.N.'s latest climate report turns up heat on investors

The latest U.N. scientific report on global warming turns up the heat on investors and others to do more to tackle #ClimateChange.

#ESG #Investing #ClimateRisk #ImpactInvesting #COP26

The latest U.N. scientific report on global warming is ramping up the pressure on investors and others to do more to tackle climate change.

08/23/2021

A comeback fiscal year for the ages

Go ahead and call it a comeback. U.S. public pension funds enjoyed extraordinary returns for the year ended June 30, but the long-term picture remains challenging.

#PensionFunds #PensionFundReturns #AssetOwners #PublicPensions #PrivateEquity #Alternatives #FixedIncome

U.S. public pension funds enjoyed extraordinary returns for the year ended June 30, but the long-term picture remains challenging.

08/22/2021

Recent earnings results top expectations

The overwhelming majority of S&P 100 companies have outperformed the quarterly consensus revenue and earnings estimates.

#PI_InteractiveGraphics #Investing #Indexing #MoneyManagement #MoneyManagerEarnings #Equities #Economy

The overwhelming majority of S&P 100 companies have outperformed the quarterly consensus revenue and earnings estimates.

08/11/2021

PPA has major impact on defined contribution plans

Enacted 15 years ago, the Pension Protection Act is a "positive accelerant" with a major impact on the nation's defined contribution system. Now Congress seeks to build on its legacy.

#PI_SpecialReport #DefinedContributionPlans #401K #Investing #Retirement #AutoEnroll

The Pension Protection Act has had a major impact on the nation's defined contribution system, and Congress is building on its legacy.

08/10/2021

The Pension Protection Act (PPA) was intended to shore up Defined Benefit Plans, but it impacted Defined Contribution Plans much more profoundly. Our new #PI_SpecialReport looks at the PPA after its first 15 years. Read more: http://ow.ly/8OtK50FOwpD

The Pension Protection Act (PPA) was intended to shore up Defined Benefit Plans, but it impacted Defined Contribution Plans much more profoundly. Our new #PI_SpecialReport looks at the PPA after its first 15 years. Read more: http://ow.ly/8OtK50FOwpD

08/02/2021

Commentary: The next frontier for responsible investment – structured credit

The structured credit market is lagging behind on addressing #ESG risks due to unique challenges posed by the asset class, writes Jeremy Deacon, senior portfolio manager, and Pritesh Solanki, portfolio manager, at Insight Investment Management Global Ltd.

#Commentary #Alternatives #PrivateDebt #Investing

The structured credit market is lagging behind on addressing ESG risks due to unique challenges posed by the asset class.

07/30/2021

Assets in defined contribution plans increased 11.9% to $8.88 trillion in 2020, mostly on stock gains. More insight from our annual P&I survey of U.S. institutional money managers in our latest special report here: http://ow.ly/Qwq950FHaDX

#PI_SpecialReport #DefinedContribution #MoneyManagement #Investing #Retirement #MoneyManagerEarnings

Assets in defined contribution plans increased 11.9% to $8.88 trillion in 2020, mostly on stock gains. More insight from our annual P&I survey of U.S. institutional money managers in our latest special report here: http://ow.ly/Qwq950FHaDX

#PI_SpecialReport #DefinedContribution #MoneyManagement #Investing #Retirement #MoneyManagerEarnings

07/29/2021

Cliffwater: U.S. state pension plans’ 10-year returns drop in latest annual report

U.S. state pension plans saw average median returns of 8.6% and 5.8% for the 10 and 20 years ended June 30, 2020, respectively, says Cliffwater, LLC report.

#PensionFunds #PublicPensions #PensionFundReturns #Investing

U.S. state pension plans saw average median returns of 8.6% and 5.8% for the 10 and 20 years ended June 30, 2020, respectively.

07/27/2021

Market returns make up for lower participant flows | Pensions & Investments

According to a Pensions survey, assets in #DefinedContributionPlans climbed to new highs in 2020, thanks almost entirely to stock market gains.

#PI_SpecialReport

Assets in defined contribution plans climbed to new highs in 2020, thanks almost entirely to stock market gains.

07/19/2021

Lawmakers want retirement measures in infrastructure package

Leaders of the House Ways and Means Committee's Racial Equity Initiative propose retirement initiatives to help mitigate systemic racism.

#Legislation #RetirementPlans #Infrastructure #Alternatives #ESG #WashingtonDC #AutoEnroll #AutoIRA #SocialSecurity

House Racial Equity Initiative leaders would like retirement initiatives to be included in an infrastructure package.

07/18/2021

The need to address biases to foster diversity

P&I #editorial reflects on lessons learned from two recent executive roundtables focused on efforts to foster #diversity, equity and #inclusion in the institutional #assetmanagement industry.

What became clear from roundtables is that work remains to be done on diversity, equity and inclusion to address built-in barriers.

06/18/2021

How inclusion and diversity contribute to retention - P&I roundtable

Lily Burkhart, global head of diversity and inclusion for J.P. Morgan Asset Management, explains how diversity and inclusion plays a big part in retention.

Is your organization working to create an inclusive environment? P&I's Sophie Baker recently moderated a diversity roundtable featuring four senior women from the investment world to discuss diversity, equity, and inclusion efforts in the investment management industry.

Read the full article and watch highlights from the discussion: http://ow.ly/BvUr50FdKIl