State Street Calls on Boards to Invest in Corporate Culture
Asset manager says culture issue is essential to long-term value creation.
Asset Management Culture
MassPRIM’s CIO Gets a Cool 5.3% Raise, Full Bonus
Michael Trotsky’s strong performance at the $71.8 billion pension fund bumps his annual pay to almost $500,000.
CDPQ, Colombia to Launch Private Equity Infrastructure Fund
Platform will invest up to $1 billion in Colombian infrastructure projects and companies.
Japan Investment Corp. Looks for Global PE Partnerships
State-backed firm’s CEO wants to end ‘prejudice’ against foreign private equity investors in the country.
Invesco Buying OppenheimerFunds from MassMutual for $5.7 Billion
The move will bring the fund giant’s value to $1.2 trillion, and the insurer will receive a 15% stake in the acquirer.
Harvard Sells $950 Million in Warehouses to Blackstone
PE group targets portfolio’s last-mile properties as e-commerce businesses boom.
UK Directive Could Boost ESG Investments
Department Works and Pensions launches consultation on trustee investment responsibilities.
Legal & General Targets Eight Firms for Climate Risk Inaction
Investment firm will vote against the boards of companies for not addressing climate change.
Swedish Companies Boost Gender Diversity for Leaders
More than a third of board members and a quarter of executives in large corporations are female.
Minimizing the Endowment Tax
Goldman Sachs offers strategies universities can use to reduce the effect of the new endowment tax.
Appaloosa Founder Tepper Buys the Carolina Panthers
In the largest NFL deal to date, hedge fund wiz will keep the team, general manager, and coach in Charlotte.
CalPERS to Discuss Alternatives to Board Diversity Proposal
Treasurer’s initial proposal of 30% diverse dismissed as ‘arbitrary and limiting.’
Blackstone Official Pushes Required Retirement Savings, Backed by Washington
At CalSTRS, to help people without enough money to retire, Tony James pledges to promote his idea to Washington big-wigs.
Japan’s Government Pension Fund Changes Fee Structure
The move is aimed at providing an incentive for active managers to boost returns.
NYS Common Cracks Down on Corporate Board Diversity
Diversity agreements made with four Fortune 500 companies.