Harvard Endowment Commits to Responsible Investing
The $32.7
billion fund became the first endowment to join the UN-supported Principles for
Responsible Investment and has also signed onto the Carbon Disclosure Project.
Newsmakers
New CIO for Energy Superannuation Fund
EISS welcomes a new manager for its pension and superannuation schemes as Australian funds staff up.
BlackRock Restructures Management for Potential Successors to Larry Fink
The management
firm named eight senior executive promotions and one new hire to groom the next
generation of BlackRock’s leaders.
In-House Investment Grows in Australia
A local government superannuation fund has appointed its first CIO.
Catholic SRI Organization Appoints New CIO
John
Geissinger, former Hewitt EnnisKnupp partner and CIO at North Dakota Retirement
and Investment Office, will manage $5 billion in socially responsible investing
strategies.
Star Consultant Knutzen Departing NEPC
CIO Erik Knutzen—one of the most influential consultants in the business—is heading to Neuberger Berman; Tim McCusker will assume his role.
Japan’s Pensions Dump Shares against the ‘Abenomic’ Plan
Pensions are selling out of equities before markets have had time to recover the quarter’s losses.
GIC Opens Brazil Office
The trend for investors opening regional offices continues.
Fitch, Moody’s Call Out NJ for Plugging Deficit with Pension Funds
Following 11th-hour actuarial tinkering, all three major ratings agencies have a negative view on New Jersey's credit.
‘We’ve Lived through What Happens When You Offer Too Much Choice’
South African consulting firm Riscura has warned the UK about the pitfalls of allowing DC members to cash in their pension.
Towers Watson Appoints New Americas Head of Investments
Steve Carlson, a 13-year veteran of the global consulting and management firm, will replace Chris DeMeo to lead investments in the Americas.
U California CFO Departs for LA Foundation
Peter Taylor has resigned from the university to lead a new private foundation.
Pensions Trust Loses CEO
The UK’s pension fund for charity employers needs a new CEO.
Great-West and Putnam Merge Retirement Businesses
The united platform will be led by Robert Reynolds, current president and CEO of Putnam
Investments.
Golden Lining in Miserable Month for PIMCO
The “pressure cooker” environment at PIMCO concerns Morningstar analysts, but there is still a reason for the fund manager to be cheerful.