United States – Page 9
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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
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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