University of Louisville Sues Former President over Endowment Losses
James Ramsey, four others are accused of enriching themselves while depleting the endowment.
Newsmakers
California Pension Overhaul Bills Killed
Three bills aimed at lowering state pensions costs are shot down by Senate committee.
Registration Open for CIO Summit
Leading pillars of the asset owner community come together on May 10 and 11 for two days of innovative off-the-record discussion.
Judge Derails Kentucky Governor’s Move to Kill Attorney General’s Pension Lawsuit
Court ruling lets lawsuit go forward to stop teachers’ retirement plan overhaul.
Court Rules Pension Plan Change Did Not Violate Law
Ruling: Northern Trust’s change in payout formula not an illegal reduction in accrued benefits.
Louisiana Pension System Gets Cold Feet on Creation of New Plan
Treasurer laments system’s decision, unhappy with detracting governor.
Court Battle Begins over New Kentucky Pension Change
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Royal Bank of Scotland to Make $5 Billion in Pension Contributions
CFO calls decision an ‘an important milestone.’
N.J. Seeks Retirees Owed Money by MetLife
More than 1,000 residents were not paid because the company said it couldn’t find them.
UCU Members Accept UUK Offer
Although strikes are now suspended, legal mandates will stay live until pension scheme recognizes agreement.
CalPERS Likely to Reject Diversity Engagement Targets
State treasurer requested fund define a diverse board as at least 30% women.
Pension Bridge: Texas, Idaho Systems Consider Lowering Return Assumptions
The two public pensions systems would be the latest among dozens that have lowered return expectations in the last 12 months.
Texas Teachers Is Moving Expansion Plan Forward
Guthrie says increasing the team will be a “hard sell” to legislature.
South Korea’s NPS Ends Samsung Trading After “Fat Finger” Folly
Samsung investigating internal systems and controls, promises to compensate investors.
