Blog
Archive September 2024
All of the articles archived for the month that you have specified are displayed below.
From Stability to Agility: Nine Implications for a New Investment Landscape
By: Nathan Shetty, Nuveen
Against the new macroeconomic backdrop, institutional investors are reassessing many of the well-established assumptions and practices that allowed their portfolios to flourish during the great moderation.
A Look at GASB’s Post-Implementation Review of Pension Standards
NCPERS spoke with the Governmental Accounting Standards Board team about the recently completed post-implementation review of the pension standards issued in 2012.
Supreme Court Holds That Pure Omissions Are Not Actionable Under Rule 10b–5(b)
By: Joshua W. Ruthizer and Antoinette Adesanya, Wolf PopperOn April 12, 2024, the U.S. Supreme Court decided Macquarie Infrastructure Corp. v. Moab Partners, L.P., and held that SEC Rule 10b–5(b) prohibits only affirmative misstatements and half-truths (i.e., an affirmative statement that is misleading because it omits information). It does not prohibit pure omissions. In our view, this decision should not have a significant practical impact on future securities litigation.
Public Pensions See Relief from Pandemic-Era Staffing Challenges as Public Sector Wages Rebound
The results of the 2024 Public Pension Compensation Survey, presented by NCPERS and CBIZ, are now available.
NCPERS Now Accepting Nominations for the 2024 Public Pension Communicator of the Year Award
The deadline to submit your nomination is Wednesday, November 13th. Award winners will be honored in person at NCPERS Pension Communications Summit, held January 26-27, 2025 in Washington, DC.
The Unintended Consequences of Benefit-Tier-Related Pension Reforms
By: Jonathan Scarpa, SegalA decade or more after common pension reforms that created lower-cost, less generous benefit tiers for public employees, there is increasing pressure to reverse those changes. This article explores the unintended consequences of those reforms on employee behavior, morale, and the broader impact to help understand why this trend is occurring now.
Do You Know Who’s Voting Your Proxies?
By: Simon Zais, Egan-JonesThe way a company is managed is important and causal to its outcomes. The owners of a company should get to decide how that company is run. If an asset owner has a company in the portfolio, they should want better outcomes for that company. Starting from these three truisms leads to the conclusion that asset owners need to be invested in the proxy process.
Inflation Reduction Act Cuts Retiree Drug Costs: Employers Face Tough Choices
By: Barry Carleton, WTW’s Via BenefitsThe Inflation Reduction Act (IRA) of 2022 introduces significant changes to Medicare Part D, which improves coverage for retirees but presents financial challenges for employers sponsoring group Medicare Part D plans (EGWPs). To mitigate potential cost increases, employers might consider directing retirees to individual Medicare Part D plans through marketplace exchanges, leveraging Health Reimbursement Arrangements (HRAs) for funding.
Waistlines and GLP-1s—Expanding in Unison
By: Tommy Sternberg and Daria Fomina, William Blair Investment ManagementThe total addressable market (TAM) for GLP-1 medications like Ozempic and Wegovy could reach $500 billion. Here are opportunities and risks for investors.
Maritime Private Credit: The Investment Opportunity Set Making Waves
By: Bryan Schneider, EnTrust GlobalThe following piece discusses private credit opportunities in the maritime industry, providing an overview of the compelling opportunity sets available to state and local government pension plans, and highlighting the return premium available to investors.
