The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
The state’s system will make changes to asset allocations and benchmarks, too.
Jones beat former board member J.J. Jelincic in a heated race that dealt with CalPERS investment policy and past sexual harassment charges
Brown outperforms bigger endowments to reach record asset value.
Endowments facing ‘economic headwinds’ in 2019.
Insurer signs £4.7 billion deal with Telent, and £3.8 billion deal with Allied Domecq.
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
The longtime commentator on markets and economics will stay on to oversee investment strategy.
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’
Paul Ballard approached investing with an eye for uncorrelated sources of return, ran the $80 billion sovereign wealth fund since 2003.
Fund reports that four out of five ESG investments outperformed their benchmarks.
Nick Greenwood introduced alternatives, longevity hedging to the local government pension fund.
Along with Carl Icahn, oil tycoon T. Boone Pickens invented the corporate raider concept.