Treasurers Demand Zuckerberg Quit as Facebook Chairman
Social network CEO shouldn’t have dual role, say financial officials from NYC and three states, backing Trillium plan.
Newsmakers
Penn State Endowment Returns 7.8% in 2018
Performance is among the lowest reported by other major public universities so far this year.
Funded Ratio for Corporate Pensions Hits 10-Year High
The 100 largest company pension plans gained $21 billion in September.
Romania to Double State Pensions by 2022
Government plans to boost pension spending to $35.2 billion in four years.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
Italy’s Pension Head: Early Retirement Age Idea Would Be a Costly Mess
Although the measure seeks to open up the job market to younger generations, Tito Boeri says it could increase their pension debt by ‘about 100 billion euros.’
Fresno County Pension Fund, Royal Bank of Canada Partner for Impact Investment Venture
Deal aims to aid California county’s fixed income investments and help local businesses with government lenders.
Australian, British Pension Players Join Canadian Retirement Manager in UK Port Deal
PSP Investments sells minority stakes in Forth Ports to Cbus, First State Super, and GLIL.
Societe Generale to Issue Green Bonds in Taiwan
Becomes first foreign bank granted permission by local financial regulator.
CDPQ and Al Gore Firm Unite for ESG Investments
Partnership acquires majority stake in fintech firm FNZ in first investment deal.
Yale Dives into Cryptocurrency
Could David Swensen’s move signal the start of institutional adoption for bitcoin and its ilk?
CalPERS President Loses Her Board Seat
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.
Hedge Funds Criterion, Highfields Shutting Down
The two alternatives firms will close at year-end, unhappy with recent performances.
QSuper CIO to Depart Next September
Brad Holzberger helped create Australia’s first two-dimensional lifecycle fund during his near-decade stint as investment head.