Newsmakers

The strategic/development fund will likely be seeded with stakes in six major government-owned companies.

The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’

The city’s comptroller calls for disclosure of board members’ race and gender at Capital One, Las Vegas Sands, NextEra Energy and Caesars.

Kruse had worked at Willis Towers Watson for more than 15 years before joining Mercer in 2021.

Governor hopes to provide a ‘blueprint’ for other states looking to prohibit sustainable investing.

Matt Whineray will leave the $39 billion pension fund after more than 15 years.

Bluff joins sovereign wealth fund after 14 years at The Carlyle Group.

Torben Pedersen, the pension fund’s first employee and CEO, will leave the post after more than 30 years.

His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.

During his 28-year tenure, the endowment has posted annualized returns of 12.6%.

Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.

If NFL owners allow it, the buyout bunch would be dipping into a lucrative pool.

Magnus Billing lost the confidence of the pension fund’s board, and Katarina Thorslund has been named acting CEO.