CDPQ CIO Resigns
Seven-year veteran Roland Lescure seeks to “enter public and political life”.
Newsmakers
Ohio State University Endowment Reaps $1 Billion for 50-Year Energy Contract
Deal provides OSU fund with its single-largest investment.
Corbin: Investors Less Upbeat about Economy, But Optimistic about Impact of Trump Policies
44% of investors expect first-quarter earnings to surpass expectations.
UK-Based BMW Employees to Strike Over Pension Closure
Union says members could lose as much as £160,000 in retirement income.
More Competition, Challenges for Direct Lending, Private Debt Market in 2017
Can the market support the number of new competitors driven by investor interest?
CFA Report Reveals Investment Industry at Turning Point
Report warns that investment industry leaders who fail to transform their business models may jeopardize their firms’ future.
NYC Comptroller Decries Senate Vote to Roll Back Pension Rule
Vote reversed Labor Department rule allowing cities to create savings plans.
NMSIC Considers Elimination of AR Portfolio
Fund would likely retain some hedge fund exposure through other asset classes.
Funded Ratio for US Corporates Inches Higher in March
Levels remain similar to where they were eight or nine years ago, Mercer says.
Ontario Teachers’ Returns 4.2% for 2016, Tops Benchmark
Global currency returns were 7.2%
AB InBev Bows To Investor Pressure, Commits to Renewable Energy
The world’s largest brewer pledged to make the transition to 100% renewable electricity by 2025.
CIO Wins Best Media Brand in Prestigious Jesse H. Neal Awards
Also wins Best Single Article award for “The Departed”.
Ohio Teachers Pension Fund Lowers Assumptions, Adjusts Assets
The adjustments would add $6.5 billion to the plan’s accrued liabilities.
Illinois Governor Vetoes Chicago Pension Bill
Says proposed fix would raise taxes; backs GOP proposed reform.
New Jersey Bill Gives Police, Firefighters Control Over Pension Plan
Move shifts control from state treasury to new board of trustees.