Worsening Economy Threatens Retirement Security for Canadian Millennials
Survey finds rising inflation and interest rates are putting retirement savings in jeopardy, particularly for those under 35.
Newsmakers
Diversity and ESG Improve at PE and Credit Firms, Survey Says
But they still have a long way to go, with women making up just a quarter of investment teams, PineBridge poll finds.
Australia’s Future Fund CIO Sue Brake Steps Down
CEO Raphael Arndt will take over as CIO for the sovereign wealth fund until a successor is hired.
Han Yik Named Senior Advisor at New York State Teachers’ Pension
Yik will advise NYSTRS CIO Thomas Lee on regulatory, public policy and ESG matters.
Wilshire Hires New Chief Technology Officer
Lawrence Miller’s hire comes just three months after Wilshire Advisors was hit by a cyber attack.
Australian Pension Funds Mercy Super and HESTA to Merge
Proposed deal is the latest in an ongoing consolidation within the industry.
Kansas Pension CIO Elizabeth Miller to Retire in July
Deputy CIO Bruce Fink has been named interim CIO as KPERS launches national search for successor.
Swedish Pension Fund AP3 Names Staffan Hansén CEO
Hansén will take over the $49.5 billion fund for retiring CEO Kerstin Hessius by no later than December 1.
De Blasio Calls on NY Pension Funds to Divest Guns and Ammo Investments
Former NYC mayor cites gunmaker investments held by the state’s two largest pension funds.
Charles Nielsen Is Appointed CIO of Mississippi PERS
Nielsen has served the retirement system since 1998.
Conflicting Data on Corporate Pension Funded Status for May
Some consultants report an increase in funded ratios, others report a decrease, while others report minimal change.
Providence Voters Approve of $515 Million in Pension Obligation Bonds
The risky move has the potential to either help the pension crawl out of debt or make a bad situation worse.
ERSRI Files Mastercard Shareholder Proposal to Curb Sales of Ghost Guns
The Rhode Island pension fund is concerned that ghost gun sales will lead to costly litigation and reputational damage to the company.
Los Angeles Fire and Police Pensions GM Ray Ciranna to Retire
Ciranna will remain with the pension fund until the end of August.