Ontario Teachers’ Pension Plan Returns 9.7% in 2017
C$189.5 billion plan reports being fully funded for fifth straight year.
Asset Allocation
CPPIB Adds $1 Billion to Energy Portfolio
Fund acquires NextEra project portfolio, and boosts ReNew Power stake to garnish Ostro Energy deal.
Pennsylvania SERS Returns 15.1% in 2017
System gains $3.9 billion to reach total assets of $29.3 billion.
NJ Pulls $1.9 Million from Semi-Automatic Gunmaker
No plans announced for ditching remaining firearms holdings.
OMERS Infrastructure Inks Deal with Leeward Renewable Energy
Fund allocated 16% of its portfolio to infrastructure.
Melrose Woos GKN with £1 Billion Pension Injection in Takeover Bid
Investment firm says current merger plan will leave GKN with £3 billion in pension liabilities.
Norges Bank Releases ESG Exclusions
Bank cuts companies that derive 30% income or power from coal.
CalPERS Report Details Role in Dakota Pipeline Controversy
Engagement led to 17 banks disengaging from the project.
Mass. Bill Calls for Firearms Divestment
Proposed legislation would require state pension to dump firms that sell firearms and ammunition.
UC’s Bachher Indicates De-risking of Commodities Portfolio in Near Term
CIO also made it clear there will be no new investments in oil and gas-related commodity funds.
Macquarie Acquires Boutique Firm ValueInvest
Firm specializes in global and Japanese equities.
HOOPP Grows to $77.8 Billion, Remains 122% Funded
Fund exceeds benchmark by 2.99%.
Tobacco, Weapons Exclusions Reduce Norway Fund’s Returns
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
Connecticut Considers Gun Divestment
State treasurer says she may ‘divest or not make further investments in gun companies.’
Private Equity Buyout Value, Exits Rise in 2017
Report says asset class closes out best five-year stretch in industry history.