Brunel Readies Manager Search for New Global Equity Fund
Pension pool wants High Alpha portfolio to outperform benchmark by at least 3%.
Newsmakers
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
UK Trade Organization Seeks to Define ESG
The Investment Association attempts to clear up three key issues in the space.
CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
Guggenheim CIO Calls Recession Fears ‘Overblown’
Scott Minerd says Davos attendees tend to misread the tea leaves.
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Citigroup Launches Green Bonds
Bank looks to keep 2015 promises on renewable energy, water quality, and other Paris Agreement goals.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.
Davos Thought Leaders Optimistic on China’s Economy
A slowdown and trade war won’t derail world’s second-largest economy, they say.
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
Monetary Policy Keeping Dalio Up at Davos
The founder of the world’s largest hedge fund expresses concerns about interest rates at global annual summit.
New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
PBGC to Assume Responsibility for Sears, Kmart Pension Benefits
Pensions lifeboat will provide benefits for 90,000 workers and retirees.