Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
Police and Fire retirement system seeks to stop 75% pay increase to former deputy CIO.
Asset Management Culture
Ohio Pension Plan Would Disclose Manager Fees, Livestream Meetings Under New Legislation
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
Ill-Starred Investing Ace Bill Miller Posts Whiz-Bang 2019 Returns
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
Illinois SURS Seeks Fixed-Income Manager of Managers
Strategies include global investment grade, high yield, global bank loans, emerging market debt.
UK Authority Finds Pensions’ Tech Upgrades Are Floundering
Pensions Administration Standards Association blames poor quality data for derailing automation in pension plans.
New York Appoints Its First-Ever ESG Director
Andrew Siwo will help advance the massive portfolio’s green agenda.
NYC and London Mayors Urge Global Cities to Divest from Fossil Fuels
Mayors Bill DeBlasio and Sadiq Khan implore that ‘time is running out’ on climate change; provide a toolkit for divestment.
Arizona State Pension Is Headed for ‘Complete Desperation,’ Research Group Warns
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
Corporate DB Funding Level Nudged Upward in 2019
Large company plans gain a point, to 87%, Willis Towers Watson says.
Meketa Shares Its Biggest Concerns for 2020
Slowing global economic growth, China’s economic rebalancing, and European uncertainty top the consultancy’s list.
Congress Reaches Deal for Miner Pension Rescue Bill
Miners union calls funding package passage ‘tremendous victory.’
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Finnish Pension Launches Sustainable ETF with $556 Million
Fund will exclude tobacco, fossil fuel, and weapons investments.