Public-Sector Pensions Help Drive Canadian Economy
A report finds Canadian plans add C$82 billion to the country’s GDP annually.
Newsmakers
Pressure Mounts on CalPERS to Ditch Fossil Fuels
One public commentator accused the pension fund of investing in ‘merchants of death.’
Surprise: Retail Sales Climbed Last Month
It could just be pre-holiday buying to get ahead of the goods shortages, but the market is pleased.
Why Is Johnson & Johnson Splitting Into Two Companies?
The conglomerate will be separating its consumer products from its pharmaceutical drugs and medical devices.
CalSTRS New Headquarters Construction Delayed
The setback is expected to cost the pension between $15 million to $21 million.
Why Is Elon Musk Really Dumping Tesla Stock?
He wins popularity with the Twitter crowd, but don’t think he is making any sacrifice here.
CalSTRS Expected to Hit Full Funding Five Years Ahead of Schedule
This year’s returns were great, but the pension has been struggling with its funded level for two decades.
The Race Is On: Brainard Emerges as Powell Re-Up Rival
The White House interviews the Democratic economist for Fed chair, setting up a two-person contest.
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.
CalSTRS CIO Set to Receive $1.1 Million Bonus
Chris Ailman is up for a bonus that’s nearly twice his base pay for leading the pension to a 27.2% return.
MIT, Brown Endowments Report Over 50% Returns for 2021
MIT’s portfolio grew to $27.4 billion, while Brown’s rose to $6.9 billion.
Dartmouth to Phase Out Fossil Fuel Investments
The college warns that climate change effects are ‘real, far-reaching, and getting worse.’
Blackstone Hires Global Head of ESG for Private Equity
Amisha Parekh joins the private equity firm from Bloomberg’s sustainable finance unit.
Longtime URS Chief Investment Officer Retires; Replacement Named
As Bruce Cundick leaves the Utah plan, new CIO John Skjervem joins from Alan Biller and Associates.
CIO Announces Innovation Award Finalists for Dec. 7 Celebration
It’s time to celebrate those who have survived, flourished, and led the way.