NYS Common Further Integrates ESG Within Manager Selection, Risk Frameworks
As part of its risk management framework, the fund created an ESG Risk Assessment to guide its due diligence.
Newsmakers
Norwegian Pension Fund Boycotts Dakota Access Pipeline Companies
KLP divests $68.4 million from four companies tied to the controversial pipeline.
Finding Investment Pearls
Using dislocations and drawdown funds, Colin Ambrose, CIO of UJA of New York is seeking alpha in China.
Ontario Investment Office Names O’Dette First CIO
Executive tasked with leading Ontario Investment Office, which helps businesses looking to invest and expand in the province.
Natixis: Institutional Investors Looking to Take on More Risk
75% report that it is becoming more difficult to generate alpha.
Class Action Suits Involving Public Pensions Continue to Rise
Median ‘mega settlement’ in 2016 was $318 million, nearly twice the median reported in 2015.
Columbia University to Divest from Thermal Coal Producers
The university’s trustees have voted to divest from companies that take in more than 35% of their revenue from thermal coal production.
Lufthansa Moves from Pension Plan to DC Plan for Pilots
Deal in effect through 2022, ends company’s longest collective bargaining dispute
Mississippi PERS Director to Step Down in 2018; Board to Hold Runoff
New state law provides higher salary cap for the next director.
Acadian Starts Experimenting with Bing on Predictive Investing
“Research project” uses large data sets to make objective investment decisions.
Western States Office & Professional Employees Pension Fund Seeks Cuts
The fund’s board has proposed a 29% decrease for all participants and beneficiaries.
Connecticut Pension Funds Surge More Than 13%
For all three funds, the top-performing asset classes were emerging markets and equities.
Wesley Named New CIO of Illinois State Retirement System
19-year veteran had been serving as interim CIO since August.
How Rising Rates Can Affect Pension Plans
Expert: March rate hike “already priced in by the market.”
Milliman Reports Corporate Pension Plan Funded Ratio Dip, Wilshire Sees Rise
For corporate pension plans singed by drop in discount rates, dips are partially countered by rising market returns.