Harvard Endowment Revamps Investment Approach
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’
Newsmakers
In Depth: China Congress Brings Investors Some Assurances
New policies aim to improve economy’s long-term growth potential.
Rhode Island Pension Fund Returns 11.6%
Asset value rises to $8.2 billion under ‘Back to Basics’ strategy.
Ohio Police & Fire Pension Cuts Assumed Rate of Return to 8%
Fund also terminates $259 million non-US equity mandate, opens manager search.
Canadian Pension Funds Return 0.9% in Q3
Energy sector recovery has positive impact on stock market.
China Pension Fund Seeks Foreign Investments
Chairman of $316.6 billion fund cites diversification as motivation for overseas assets.
University of Michigan Endowment Returns 13.8%
Long-term portfolio assets rise to $10.9 billion from $9.7 billion.
Alaska Pension Withdraws Benefits Suspension Application
The Alaska Ironworkers Pension Plan says it will reapply before the end of the year.
TCRS Sees 11.4% Returns in Fiscal 2017
Pensions, state budgets “are as vulnerable as they have ever been,” PEW Retirement Officer says.
IRS Raises Pension Contribution Limits
Changes include increased contribution limits for 401(k), 403(b), and most 457 plans.
Administrator Takes Over Sears Canada Pension Plan
Ontario Superintendent of Financial Services appoints Morneau Shepell to oversee pension.
In Depth: Growth in Virtual-Only Meetings a Concern for Institutional Investors
Although companies cite the cost savings, shareholder advocates see virtual meetings more as a means to better control the agenda at annual meetings.
Treasury Aims to Promote Capital Markets by Reducing Restrictions
While the proposals intend to make it less onerous for public companies, market participants have concern about the impact of reduced disclosures for investors.
Germany to Free Up €1.3 Billion in 2018 Pension Contribution Cuts
Once the updated tax revenue is published, reduction can be formally agreed to on November 22.
IPERS Reveals New Search Process to Find Alpha
The $31 billion fund sheds light on its new three-phase search for investment management firms.