Missouri Pension Fund Awarded $123 Million in State Street Suit
Fund accused financial services firm of violating asset management duties.
Newsmakers
Dalio Analyzing Trump for Future Controversy
Bridgewater's Ray Dalio comments on Trump’s Paris Agreement withdrawal and policies.
Wal-Mart Shareholders Deny Prime Pension Plans’ Push for Change
Six pension entities’ shareholder suggestions fall on deaf ears at Wal-Mart’s annual meeting.
Vermont Bill Creates Retirement Plan for Small Businesses
Volunteer program is aimed at companies with 50 or fewer employees.
Pension Funds Oppose Mylan Board, Compensation Plan
Four pension funds say the drug maker has “reached new lows in corporate stewardship.”
Kentucky Pensions Could Face Insolvency in Five Years
Audit report finds state faces funding shortfall of $33 billion.
CalPERS Urges Exxon Shareowners Vote “Yay” on Climate Change Proxy May 31
Proposal #12 looks to enhance reporting on impact of oil and gas reserves under 2-degree target and review long-term impacts.
Rhode Island Approves Assumption Changes
Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.
Texas Legislature Passes Houston Pension Reform
Houston firefighters’ pension opposes the bill, and is considering legal action.
UK BMW Workers Suspend Strikes to Mull Over Pension Offer
British employees of the automaker have been on industrial action since April.
British Airways Loses Lawsuit Against Pension Trustees
Judge rules pension was within right to add discretionary increases.
NY Teamsters Pension Fund Reapplies for Benefits Cuts
New application raises return assumptions and lowers proposed reductions.
Massachusetts Bay Transportation Authority Fund Needs $3 Billion
Fund is expected to become insolvent in 18 years without major cash infusion from taxpayers.
Scaramucci “Ready to Serve” in Trump Administration
At the recent SALT conference, SkyBridge Capital Founder Anthony Scaramucci commented on his unrealized public liaison position.