Los Angeles CIO Discusses Pension’s Unique Infrastructure Strategy
First-time approach to the asset class to utilize public-to-private.
Newsmakers
Illinois’ New Governor Installs Two Pension Taskforces
State crisis gets worse with new fiscal budget revelation.
Danish Pension CEO Announces Exit Plans
Fund says early warning gives ‘plenty of time’ to find a successor.
A Large Equity Drawdown Would Cause Major Problems for CalPERS
Poor equity performance is the biggest risk for the largest US pension plan, review shows.
New York Closes Out Year with over $15 Billion in Transactions
Private equity sees the biggest contributions, with more than $7 billion committed.
PBGC, Sears Reach Chapter 11 Bankruptcy Settlement
Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.
New York City Looks at Better Diversity Survey for Outside Money Managers
Pensions seek to standardize information money handlers provide in future memos.
New York City is Worried About China, and the Fed
Deputy CIO fleshes out key concerns at meeting of five city pension plans.
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
Florida Pensions Investigate Potential Discriminatory Behavior by Airbnb
Allegations could lead to a state-wide prohibition on purchasing shares of the company.
OMERS Ventures Opens California Offices
Canadian pension plan is aiming for a more global venture capital program.
$1.3 Trillion Church-led Pension Coalition to Pressure Mines on Dam Safety
After the Brazil dam collapse, a call for mining company investors to insist on better standards.
CIO Sentenced to 7 Years in Jail for Fraud, Money Laundering
Ian Robert Woodall was found guilty of defrauding a London pension of more than £1 million.