United States – Page 10
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News
Danish pension funds draw back from US for-profit prisons
PKA and Lærernes Pension divest, while Velliv chooses engagement
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Opinion Pieces
Letter from the US: Lower rates, deeper holes
Something unprecendented happened in the US in the first weeks of January when the Milliman 100 PFI discount rate fell 35bps to a 20-year low of 2.85% “It was a very poor month for defined benefit (DB) plans, not a good start of the year and it dug an even deeper hole in their financial situation,” points out Zorast Wadia, principal, consulting actuary at Milliman. He is also author of the Milliman 100 pension funding index (PFI), an annual study of the 100 largest DB pension plans sponsored by US public companies.
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Features
Dollar/sterling: The road ahead for cable
The twisting path of the dollar/sterling relationship over 2020 will provide ongoing theatre, punctuated by moments of intensity
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Features
Ahead of the Curve: The trade war and Asia
The rivalry between the US and China looks set to dominate Asian affairs in the future and cannot be ignored by responsible investors. The escalation of tensions at the start of Donald Trump’s presidency led to an increase in trade barriers and impacted growth; now a temporary truce has been agreed but uncertainty remains, as do tariffs on Chinese exports to the US. The new bilateral agreement is a positive step, but investors should take a long-term view; the economic and strategic rivalry looks set to continue and some sectors are better placed than others to adapt to this landscape.
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News
Federated Investors, Hermes combine to become Federated Hermes
Corporate identity about ‘commitment to RI to achieve financial outperformance’
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Opinion Pieces
Letter From US: New Secure Act – a step in the right direction
New rules encourage employers to offer annuities in 401(k)-type retirement plans
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News
UK’s USS adds to investor disapproval of SEC proxy rule proposals
Critics argue SEC’s proposals would undermine the implementation of shareholder rights and a conduit for holding companies to account
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Asset Class Reports
US investment grade: A year for not living dangerously
Geopolitical uncertainties are pushing investors away from longer-term strategies
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Opinion Pieces
Letter From US: Concerns over common ownership unabated
No matter who wins the presidential election this November the issue of concentration of US corporate ownership by the Big Three money managers – BlackRock, Vanguard and SSGA – will not go away
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Special Report
US recession: Slow and steady
Undramatic growth has characterised the longest economic expansion in US history. As trade tensions rise can the momentum be sustained?
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Opinion Pieces
Letter from the US: US pension funds braced for lower for longer
The last edition of the International Monetary Fund’s (IMF) twice-yearly Global Financial Stability Report (GFSR) points to the risks that lower-for-longer yields pose, especially for pension funds.
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News
Major proxy adviser sues US regulator over guidance
The move by ISS is the latest development in a heated tussle between proxy advisers and pro-business lobby groups
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Features
MiFID II in the US: Complexity cost
The impact of MiFID II in the US is complicated and convoluted
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Opinion Pieces
Letter from the US: Industry debates private equity role in 401(k) plans
Should those who invest through 401(k) retirement plans have greater access to private equity?
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Features
Briefing: US makes rapid turnaround
Father Christmas delivered a sack of coal to equity markets last Christmas Eve, with the S&P 500 index losing 1.8%, following a three-day slide. Forecasters had previously been expecting two or three rate hikes in December, as Federal Reserve chairman Jerome Powell steered that discussion. He had mistakenly assumed that the economy had not yet reached a normal, neutral level but it already had, forcing him to backtrack.
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Opinion Pieces
Letter from The US: How boards can hurt pension plans
US state and local pension funds manage over $4trn (€3.6trn) in retirement assets for 20m active and retired plan members. But most of the funds are in bad financial shape.
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News
Joseph Mariathasan: India and the US – a new special relationship?
Can and should the world’s most populous democracy, India, be in formal alliance with the world’s most powerful democracy, the US?
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News
US supra-national seeks fixed income options via IPE Quest
The multi-sector mandate should be global and actively managed, and will be housed in a segregated mandate
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Special Report
US-China trade war: A trembling world
The trade conflict between the two largest economies is reverberating across the world
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Asset Class Reports
Trade war: The silver lining in the clouds of trade war
Smaller emerging market players could benefit from the US-China trade war