Florida Pensions Agree to Settle Perrigo Lawsuit for $31.9 Million
The complaint centered on a $1.9 billion Irish tax bill incurred by the pharmaceutical company.
Newsmakers
Connecticut Reins in Public Pension Costs
The state general assembly forecasts $290 million in pension cost cuts by 2026 thanks to a volatility cap excess.
Exclusive: CIO Mansco Perry of Minnesota Is Retiring
The chief investment officer nearly doubled the state pension’s AUM to $130 billion in under 10 years.
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.
Adviser Gets 5 Years in Prison for Embezzlement, Murder Threat
Gregg Brie threatened to kill a disabled client when he asked for his money.
Huge Turnaround Swings PBGC Multiemployer Program into the Black
For the first time in two decades, both the multiemployer and single-employer programs have positive net financial positions.
Priority Gaps Between Management and Investors Are Shrinking, EY Says
The two groups seem to agree that prioritizing talent management is key to success.
Ohio Pension Sues Facebook Over Whistleblower Scandal
The lawsuit alleges misleading statements ‘erased more than $100 billion in shareholder value.'
CalPERS to Bring in Consultant Lenox Park to Help Diversity Efforts
The firm is expected to assist with collecting data on emerging managers.
Powell’s Stock Market Performance: So-So Versus Fed Peers
Of all 16 Federal Reserve chiefs, the current one—who may or may not get a second term—is No. 7 in Dow returns, says CFRA.
Public-Sector Pensions Help Drive Canadian Economy
A report finds Canadian plans add C$82 billion to the country’s GDP annually.
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.