Marcus Frampton will take over from Russell Read, who departed the $64.9 billion sovereign wealth fund in July.
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.
A decade ago, the largest US pension plan decided to abandon its home country bias favoring US stocks. Now, pension officials wonder if it was the right move as US stock performance has shined.
Controversial measure, which increases the retirement age, now goes to parliament’s upper house.
Board approves 4% raise, $84,873 bonus, but controversy continues over Frost’s educational credentials.
Measure’s third and final lower house reading to be held today.
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
CEO Takahashi hopes the picks will push companies ‘to work on carbon efficiency and disclosure’ practices.
The fast food giant must improve its treatment of chickens, or the state pension fund will sell its $300 million in Golden Arches shares.
Jens Munch Holst says resigning exec Borgen should not remain at bank until a new chief is found due to money-laundering scandal.
Start date has not yet been determined.
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Justices grill governor’s top attorney over the legality of complex bill’s passing.
Legislation addresses financial disadvantages that disproportionately affect women.