Council of Institutional Investors Names CalSTRS Manager as Board Chair
Aeisha Mastagni, who works on sustainable investing at the pension fund, has previously served as a CII director.
Newsmakers
Investors’ Use of Climate and Greenhouse Gas Information Is Growing, SEC Chair Says
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Politics Heat Up on Brainard Fed Replacement
Elizabeth Warren and other progressives push for a more dovish vice chair to offset Chair Jerome Powell.
US Single-Premium Buyout Sales Set Record in 2022
2022 was a banner year for risk transfers, setting records in total dollar volume, contracts signed and single-premium buyout deals as rates rose and funding statuses improved.
Bill Calls for Oregon to Divest From Fossil Fuels
State treasurer Tobias Read says the proposed legislation would lead to lower returns and higher employer contribution rates.
Court Refuses to Dismiss Central States Pension Lawsuit
District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Australia Seeks Public Consultation on Pension Legislation
Former government accused of raiding superannuation system ‘with devastating impacts’ on savings.
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Michigan Retirement System Sues Generac Over Solar Power Defect
Class action alleges company executives failed to disclose faulty solar component.
France Braces for Further Protests Over Retirement Age Increase
After Tuesday walk-outs, unions are calling for massive demonstrations this weekend.
NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.