Newsmakers
Allocator Insights Webinar Dec. 21: Debriefing Tools and Tactics
Four top allocators will vet ideas they’re considering for an evolving investment landscape.
UK Regulator Anoints Clara-Pensions as First DB Superfund
The consolidation of pension funds is intended to provide a more efficient alternative to bulk annuities.
Penn SERS Changes Its Travel Rules to Prevent Excessive Spending by Staff
Ambiguities in travel policies have caused issues at other Pennsylvania funds.
Britt Harris and UTIMCO’s Next CIO Rich Hall Discuss Plans for the Endowment’s New Era
The CEO and CIO are planning for a secular change ahead.
Real Estate PE Firm Founder Sentenced to 5 Years for Fraud
Eric Malley pleaded guilty to scamming over 300 investors out of approximately $58 million.
6.8% Inflation Is Highest in 39 Years—What Does It Mean for Investors?
One CIO says this is an ‘inflection point.’
Detroit Pension No Longer Suing Dan Gilbert
The fund had accused the businessman of insider trading.
Breaking News: Penn SERS Names Joseph Torta Executive Director
The top two positions at the $39 billion pension fund have turned over in less than half a year.
Ontario Pension Fund Pledges Net-Zero Emissions by 2050
The $89 billion OMERS will follow the advice of the Task Force on Climate-related Financial Disclosures.
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Fidelity, State Street Offer Retirement Plans With Income Streams
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
Boston to Divest From Fossil Fuels, Tobacco, Private Prisons
The city’s mayor signed a bill to eliminate the controversial investments by 2025.
Institutional Investors Launch ‘ESG Book’ to Standardize Sustainable Data
Their goal is to make sustainability data more widely available and comparable.
DOL Restores More Than $2.4 Billion to Plans, Plan Participants
Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.