United States – Page 9
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Asset Class Reports
Asset class report – Investment grade credit
The US credit market is heading for change under new President Joe Biden’s administration
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Opinion Pieces
Letter from US: Don’t anticipate radical reform
The new Joe Biden administration is unlikely to revolutionise US pension plans, but it could broaden the base of workers able to join defined contribution plans such as 401(k)s. It may also cancel recent rules and return to the previous regulations set under Barack Obama.
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News
Stewardship roundup: APG co-files Amazon shareholder proposal
Plus: Investors keep up tailings dam standard momentum
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Features
US endowments: Success breeds success
Perhaps no single group of institutional investors elicits as much fascination and admiration as US university endowments – in particular those of the Ivy League, and among that elite group the Yale and Harvard endowments in particular.
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Opinion Pieces
Letter from US: COVID-19 places new demands on university endowments
COVID-19 has hit a special category of institutional investors in the US hard – college and university endowments. In fact, higher education institutions are facing a decline in revenues because of fewer students enrolling and paying tuition, as well as current students asking for more financial aid. Colleges and universities are withdrawing substantial amounts from their endowments to cover these extra expenses. How is this affecting endowments’ investment strategies?
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Features
Biden signal is green for ESG
For many, US president-elect Joe Biden spells hope. From an ESG-perspective, there are two main aspects to this phenomenon.
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Opinion Pieces
Letter from US: Gold investment returns to favour
“Negative real interest rates and unconventional monetary policies have been the catalyst of the new-found interest in gold,” says Jim McKee, a gold expert at Callan’s alternatives consulting group.
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News
Alphabet sexual harassment settlement ‘great’, says lead plaintiff AP7
Swedish pension fund led one of several successful lawsuits against the California tech giant, Google’s parent company
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Opinion Pieces
Mind the reality gap
The past few months have brought huge discrepancies between the financial markets and the economy.
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Opinion Pieces
Letter from US: All eyes on CalPERS as CIO quits
The $405bn (€342bn) California Public Employee’ Retirement System (CalPERS) is the bellwether of US public pension funds.
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News
Norway’s SWF to shift €44bn equities across the Atlantic
After delay, government gives firm direction to Government Pension Fund with annual white paper
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Opinion Pieces
Letter from US: Diversity in asset management rises
“It is a part of your fiduciary duty to invest the fund’s assets in a prudent manner. Investing with diverse asset managers that demonstrate outperformance and deliver strong returns is more than prudent, it is wise.”
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News
LD Pensions picks Acadian for first active quant mandate
Early holiday allowance payouts makes eventual allocation more uncertain, says equities chief
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Opinion Pieces
Letter from US: Politics forcing divestment
American pension funds have become embroiled in the cold war between the US and China and diversification strategies may be affected by the new scrutiny of investments in Chinese companies.
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Opinion Pieces
Letter from US: Investors and savers hold steady in the face of the pandemic
During the first months of the COVID-19 pandemic, many investors stayed the course and did not make drastic changes to their asset allocations or to their saving rates. That is according to the first quarter 2020 retirement analysis by Fidelity Investments of more than 30m 401(k), Individual Retirement Account (IRA) and 403(b) retirement accounts in the US. Data updated to 17 April confirm the trends.
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Analysis
Perspective: Funds embrace diversity
Some US pension funds have been leaders in diversity and inclusion. Are others catching up?
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Asset Class Reports
Portfolio strategy – The history of crises in US equities
The current US equity crisis conjures up shades of previous crashes
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Opinion Pieces
Letter from US: Short-term relief, long-term pain
The COVID-19 pandemic is having an immediate and transparent impact on American defined contribution plans. But it also has implications for defined benefit plans in the long run
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News
PFA pumps $500m into US residential assets
Danish pensions heavyweight buys 49% stake in “high-growth markets” $1.05bn portfolio
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News
PKA and PenSam invest €228m in US solar plants
Danish pensions CEO says sticking to strategy on boosting green assets, despite tough markets