Norges Bank Calls for Gas, Oil Stock Removal from GPFG Benchmark
Switch will decrease government’s exposure to shock vulnerability, bank says.
Newsmakers
PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
CIO Announces Consultant of the Year Finalists
Winner to be announced during December 7 awards gala following CIO’s Influential Investors forum.
Oregon Task Force Offers Ways to Cut Pension Deficit by $5 Billion
Ideas include privatizing universities, and boosting alcohol and lottery revenue.
Church of England Launches Extractive Industries Investing Policy
New standards could lead to divestment, but only ‘as a last resort.’
US Treasury Approves MPRA Benefits Reduction for Michigan Pension
International Association of Machinists Motor City Pension is the fourth fund to receive approval.
Norway Pension Fund Balances ESG with Returns
The world’s largest sovereign wealth fund uses its influence to produce both change and returns.
N.C. Retirement System Boasts of Funded Status
Conservative assumptions and disciplined funding helped state rank among top-five funded pensions.
A. H. Belo, NY Times Transfer Pension Liabilities
Newspaper publishers de-risk a combined $268.5 million.
Inflation Expectations Impact Pension Plans as Fed Continues Balancing Act
Markets continue to anticipate muted inflation, and the Federal Reserve to contemplate rate hike in December.
Philadelphia Pension to Divest Private Prison Stocks
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
Illinois TRS Earns 12.6% in FY2017
However, unfunded status grows as fund continues ‘treading water.’