In Canada Pension Plan Fee Controversy, Critics Go for Jugular
What started as a critique of CPPIB's expense accounting has spiraled into partisan accusations of deception, bureaucratic bloat, and “empire building.” Leanna Orr investigates.
Newsmakers
Rating Agencies Deal Fresh Blows to New Jersey, Illinois
New Jersey’s debt has been downgraded by Fitch, while Moody’s says Illinois faces “daunting” challenges over pension funding.
Blackstone Tops Wall St Peer Rankings
The firm
came first for both prestige and quality of life, followed closely by Goldman
Sachs.
Is Reputation More Important Than Morals in Responsible Investing?
Academic research has found that “moral duty” is no longer an important consideration when adopting ESG principles.
IEX Dark Pool Raises $75M for Exchange Status
Trading
platform newcomer IEX has received financing from numerous investors amid
regulators’ increased probing of dark pools.
Ex-Russell Equities Chief Joins Abu Dhabi SWF
Brian Tipple will oversee third-party managers for the Abu Dhabi Investment Authority in a newly-created role.
Ex-House Majority Leader Eric Cantor Joins Investment Bank
Recently
defeated Virginia Republican Eric Cantor has joined Wall Street for a $3.4
million pay package.
Senior Appointments for Pensions Trust, Philips Pensioenfonds
Multi-employer non-profit fund the Pensions Trust has appointed a new chief executive, and there is a new chairman at Philips’ giant Dutch pension.
Future Fund Appoints CIO, Looks to Grow Investment Team
Raphael Arndt takes over from David Neal as CIO of Australian public sector pension.
What a Dead CEO Can Tell You about Shareholder Value
Two academics claim to have proven categorically that more than half of senior executives are not overpaid.
Harvard Under Fire for High Salaries (Again)
A small group of alumni have hit out at a $132.8 million pay package for the endowment fund’s staff.
More than 10% of S&P 500 Assets Now Passive
$1.9 trillion is invested in passive strategies tracking the US’s leading stock index, according to research.
Calling All Rocket Scientists: CERN is Recruiting
The international nuclear science centre is advertising for a new CEO to lead its pension fund.
Norway Adds New CIOs in Radical SWF Overhaul
The world’s largest SWF has shaken up—and doubled—its senior investment team
RWC, Threadneedle Boost Institutional Teams
Two UK-based firms are growing their institutional teams in an effort to raise their profiles in this sector.