Charles Counsell to Step Down as TPR CEO
Counsell, who took the post in 2019, will leave at the end of March 2023.
Newsmakers
Fernando Vinzons Named New CIO at Chicago Teachers’ Pension Fund
Vinzons’ appointment comes at a time when Chicago Teachers’ is fighting to improve its poor funded ratio.
GOP-Led States Ban Pension Plans From Dealing With ESG-Backing Firms
Texas probes whether BlackRock and other asset managers are boycotting fossil fuels.
Ray Dalio Is Now Ranking Economies by Their Strengths and Weaknesses
His new list puts the U.S. as an iffy No. 1, with a scrappy, focused China on its heels. No mention of urban lockdowns.
Virginia Retirement System Appoints Andrew Junkin as CIO
Junkin currently serves as CIO of Rhode Island’s pension fund and was the president of Wilshire Advisors.
States Improved Their Economies in 2021, a Plus for Public Pension Plans
Florida ranks at the top of the economic heap, Louisiana at the bottom, says Conning survey.
The New York Common Retirement Fund Will Vote to Remove the Boards of Twitter and Meta Today
The pension fund cites the companies’ failure to moderate violent content in the wake of recent mass shootings.
Experts Debate Whether or Not a Recession in Europe Is Imminent at World Economic Forum
Data so far remains optimistic, but supply chain factors worry some.
Willis Towers Watson, State Street Join AlphaNasdaq OCIO Indices
The two asset managers bring the total number of providers in the collection to 46.
PBGC Approves Bailouts for Five More Multiemployer Plans in May
The agency has now approved more than $6.2 billion in special financial assistance funds to cover nearly 120,000 participants.
CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
Allianz Global Investors to Repay Over $5 Billion for Securities Fraud
The strategy was sold to approximately 114 institutional investors.
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
You Thought Musk’s Twitter Quest Was Iffy? Check Out These New Snags
Spawning more doubts: the shortfall on its stock price, a federal probe and a pension program lawsuit.