U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan

NEW YORK (Reuters) – U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by the coronavirus pandemic. FILE PHOTO: A man wears a protective Continue Reading

New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with $211 billion under management, could set the Continue Reading

Top pension consultant NEPC questions sustainability of Fisher Investments

BOSTON (Reuters) – Top pension consultant NEPC said it questioned the “sustainability” of Fisher Investments, in a memo sent to NEPC clients and seen by Reuters on Tuesday. The memo, a setback to Fisher as major clients move to withdraw assets, is dated Oct. 17. In it NEPC recommended that Continue Reading