One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.
Asset Allocation
CalPERS CIO: No Divestment of Fossil Fuel Companies
Addressing climate change advocates directly, Ben Meng says divestment is not the fiscally sound path.
Pennsylvania SERS Returns 0.32% in Q3, 12.39% Year-to-Date
Board addresses transparency concerns, and hires firm to find new CIO.
Small Caps Start Climbing, at Long Last
Beaten down for much of the current bull run, smaller stocks out-pace the big boys.
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
ESG Disclosure Lags Behind Investment in Asia Pacific
CFA says much work remains to be done to raise quality of ESG information.
Canadian Pensions Acquire Stake in Mexican Construction Firm
CPPIB continues to plow money into infrastructure investments.
CalPERS Falling Short of Private Equity Goals
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.
Baby Boomers Carry Risky Levels of Stocks, Says Fidelity
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.
Sustainable Investment Skeptics are Becoming Believers
Study finds number of cynics about ESG cut in half since 2017.
Canada’s CPPIB Doubles Renewables Investment
Fund boosts renewable energy investments 100-fold since 2016.
US Public Pensions Boost Stock Exposures Back to Pre-Recession Levels
Investors’ plan allocations to US equities averages 47.3%, the highest level since 2007, says Wilshire.
US Pensions Report Weak Q3 Returns
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
Fire Managers Who Ignore Climate Change, Says UK Pension Regulator
Guy Opperman insists plan trustees must ensure that investment managers employ ESG tenets.