Kentucky Judge Deems Governor’s Pension Law Unconstitutional
Ruling favors attorney general’s objection over how it was passed.
Newsmakers
Portland Pension Fund Applies for Benefits Reduction
Western States Office and Professional Pension is seeking a 30% cut in benefits.
Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
China to Shunt More Money to Ailing Provincial Pension Plans
Beijing will divert money from well-funded programs in bustling urban centers to subsidize struggling areas.
CalPERS: Board Diversity Efforts Beginning to Work
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
Japan’s GPIF Reveals New Fee Structure
The world’s largest pension fund ‘drastically’ reduces its basic fee rate.
Institutional Investors, Canadian Government Launch G7 Investors Group
Representing $6 trillion in AUM, the group aims to further G7 initiatives.
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Ray Dalio, James Cameron Launching Deep-Sea Exploration Program
OceanX will broadcast its discoveries via virtual classrooms, museum exhibits, and more.
NextGen List of Tomorrow’s Asset Owner Leaders to Be Named by Chief Investment Officer
List replaces the 40 Under 40, highlighting 25 of the industry's best up-and-comers.
Bridgewater Is Bearish about 2019
The world’s largest hedge fund views rising interest rates and debt as big problems.
Kentucky Governor Wants to Oust Judge in Pension Lawsuit
Republican Bevin requests new jurist, claiming current one is a biased Democrat.
Under-Funded Colorado Retirement System Gets Some New Money
State will contribute $225 million extra annually, and both employer and employee contributions rise.
$26 Trillion Institutional Group Pushes Paris Agreement Adoption Ahead of G7 Summit
Alliance concerned about agreement’s goals ‘falling short.’
Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
Moody’s warns that without public cuts, liabilities will eat 30% of state income.