Shop Talk September 19, 2019

GP-Led Secondaries Force Investors to be More Reactive

Investors are faced with making more frequent decisions about the status of their private equity relationships as GPs change course.

Regulation September 23, 2019

Court Says Pension Withdrawal Liability Can’t Be Decelerated

Ruling likely to make trustees shy away from payment plans for defaulted employers.

Manager Selection September 23, 2019

CalPERS Picks Local Real Estate Manager

New developer announced a week after the fund terminated the previous developer’s contract.

Newsmakers September 23, 2019

William Priest, Noted Wall Street Savant, Steps Down as Head of Epoch

The longtime commentator on markets and economics will stay on to oversee investment strategy.

Risk September 23, 2019

Texas Teachers System Returns 6.4%, Misses Benchmark

Global equities spur 3.2% return for second quarter.

Newsmakers September 23, 2019

600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda

Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.

Risk September 23, 2019

China Investment Corp. Sees Flat Results

Rough year brought on by wild global swings and higher volatility, says CEO.

Newsmakers September 23, 2019

Hackers Steal $4.2 Million from Oklahoma Police Pension

FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’

Corporate Moves September 20, 2019

People Moves Roundup

GoldenTree gets boots on the ground in Japan, Vantage hires former Whirlpool head, and more.

Market Moves September 20, 2019

What Recession? Forecasts See Only a Slowdown

Establishment outlooks find US will avoid an actual economic contraction up ahead.

Asset Allocation September 20, 2019

Washington State Investment Board Commits Up to $1 Billion to Private Markets

Private markets now make up around 40% of the pension plan’s assets under management.

Risk September 20, 2019

California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities

Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.

Regulation September 20, 2019

FCA Says No Deal Brexit Impact ‘Less Severe’

Regulator credits ongoing preparations for mitigating Brexit risks to UK businesses.

Newsmakers September 19, 2019

Exclusive: Texas Treasury Safekeeping Trust Co. CIO Retiring

Paul Ballard approached investing with an eye for uncorrelated sources of return, ran the $80 billion sovereign wealth fund since 2003.

Market Moves September 19, 2019

What’s the Fed’s Next Step on Rates?

Futures markets predict it will reduce another quarter-point this year, and that’s it.

Risk September 19, 2019

University of California Endowment, Pension to Divest All Fossil Fuels

CIO and investments chairman say faculty, student protests did not push the decision.