Deputy Chief Investment Officer, Employees Retirement System of Texas
Newsmakers
Kentucky Judge Deems Governor’s Pension Law Unconstitutional
Ruling favors attorney general’s objection over how it was passed.
Economic Growth: These Are the Good Old Days
The US and the world’s economies should be fine in 2018, then start to slow, IHS Markit predicts.
Portland Pension Fund Applies for Benefits Reduction
Western States Office and Professional Pension is seeking a 30% cut in benefits.
UK Retirees Face Pension Cuts Due to Overpayment Errors
Massive data-checking exercise finds mistakes dating back 40 years.
Corporate Moves
Jean Michel Named CIO of Investment Management Corp. of Ontario
20-year pension vet turned failing Air Canada pension plans into a success story.
Head Scratcher for Fed’s Powell: the Right Jobless Level
He hopes to hit the sweet spot that keeps inflation, now 1.9%, in check.
Corporate Moves
CIO Matt Whineray Promoted to CEO at New Zealand Fund
New chief had been acting in the role since predecessor left for central bank gig.
Absolute Return, Canadian National Railway Investment Division (Pension Fund)
2018 NextGen Nicolas T. H. Dang
Why the Trade War Might not Be Ruinous
Tariffs don’t involve a major part of the US economy and this may all be a negotiating tactic, say some market strategists.
Trade Association Launches European Pension Institute
Newly formed organization aims to address gap and promote personal pensions.
Asset Allocation
Abu Dhabi Investment Authority Buys 21% Stake in Top UK Pensions Firm
Sovereign wealth fund aiming to hit 2-8% private equity target.
Is It Curtains for the Corporate Profits Surge?
Peak earnings may have occurred in the first quarter. But maybe the picture isn’t so bad.
Corporate Moves
Ohio Public Employees Retirement System Names Paul Greff CIO
Deputy CIO replaces Rick Shafer who is retiring.
Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.