Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
Newsmakers
New Zealand Super Fund Shifts Passive Equities to Low Carbon
Fund moves $10.2 billion into eco-friendlier firms, eyes active investments next.
Kentucky Universities Mull Split from State Retirement System
Plan has already gone to Council on Postsecondary Education.
Dalio Steps Into Publishing With “Principles”
Bridgewater Associates founder already planning second release.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.
Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
TPR Shames Trustees Who Shirk Duties
UK regulator publicly names non-compliant pensions trustees.
Danish Pension Firms Launch Africa Fund
Companies commit $550 million to fund focusing on infrastructure in Africa.
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
Illinois Senate Rejects Gov. Rauner’s Veto in 38-19 Override
Pension reform bill now goes to Illinois House, requires three-fifths majority vote.
Canada’s Largest Pension Fund Hits $326.5 Billion at Q1 Fiscal 2018
“Significant uplift” from global equity markets, strengthening Canadian dollar.
Breaking News: Tata Steel Signs RAA to Detach Pension
British Steel Pension Scheme will receive £550 million and 33% equity stake in company.
Tata Steel Nearing Divorce from Pension
Deal to separate its pension plan from its business is imminent.
Comptroller Stringer Responds to Reports that Wells Fargo’s Sanger Will Step Down
In the wake of an auto insurance scandal, Stringer feels the board has more work to do.