Funded Ratio for US Corporates Inches Higher in March
Levels remain similar to where they were eight or nine years ago, Mercer says.
Newsmakers
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.
Last Days for Nominations
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C&W: Global Real Estate Investors More Wary as Real Estate Cycle Matures
Investors are focusing investments in a single country, with 61% of the available capital taking this route.
Iowa Public Pension Lowers Economic Assumptions
The IPERS Investment rate of return is cut to 7% from 7.5%.
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.
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.