Church of England Launches Extractive Industries Investing Policy
New standards could lead to divestment, but only ‘as a last resort.’
Newsmakers
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.’
Connecticut Teachers’ Pension Contribution May Rise 1%
Think tank says change will not be enough to stave off budget cuts and tax increases.
Harvard Endowment Revamps Investment Approach
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’
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.