CPPIB Taps Edwin Cass as Pension Giant’s First CIO
Canadian fund also names Deborah Orida as head of real assets.
Asset Management Culture
New York State Pension Increases Employer Contribution Rates
Actuary recommended changes because of increasing life spans and lower-than-expected returns.
Top Canadian Pension Plan and US Apartment Operator to Build Brazilian Housing
The partners will invest up to $190 million in combined equity into the project.
Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
ESG Becoming the New Normal for European Pensions
The vast majority of pensions now consider the environmental, social, and governance risks to their investments.
Incoming Norges Bank Chief Nicolai Tangen to Sell Hedge Fund Holdings
The divestment addresses concerns raised at a parliamentary hearing earlier this month.
Shakeup at Australia’s AMP over Sexual Misconduct Allegations
Board Chairman David Murray leaves, along with another director, as Boe Pahari steps down as AMP Capital’s new CEO, after uproar over Pahari’s promotion in light of 2017 harassment complaint against him.
China OKs BlackRock, Temasek Joint Wealth Management Venture
The decision was approved by the country’s banking regulatory authority in the first half of the year.
California Opens Investigation into Former CalPERS CIO Meng
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Illinois TRS Executive Director Richard Ingram Resigns
Ingram steps down after being placed on administrative leave due to ‘performance issues.’
Church Commissioners Appoints Bess Joffe Head of Responsible Investment
She will replace Edward Mason, who left earlier this year.
Canadian United Nations Ambassador Chosen to Head CDPQ Global
Lawyer and diplomat Marc-André Blanchard will oversee the fund’s international efforts in the United States, Europe, and Asia.
Feuding New Mexico PERA Trustees to Create Oversight Committee
The new panel will seek to bring order to a board riven by accusations and walkouts among members in a ‘toxic’ work environment.
Former Temasek Americas Head Boon Sim Joins CPPIB Board
The pension plan had been searching for an international director replacement since Jackson Tai retired last March.
Why Soros, Singer, Paulson (but Not Dalio or Buffett) May Soon Be Exempt from Disclosing Stock Holdings
SEC proposal would lift reporting threshold to $3.5 billion, from $100 million now.