600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
Newsmakers
Hackers Steal $4.2 Million from Oklahoma Police Pension
FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’
Exclusive: Texas Treasury Safekeeping Trust Co. CIO Retiring
Paul Ballard approached investing with an eye for uncorrelated sources of return, ran the $80 billion sovereign wealth fund since 2003.
Japan GPIF’s ESG Portfolio Outperforms Market
Fund reports that four out of five ESG investments outperformed their benchmarks.
Ex-Berkshire Pension Fund Chief Dies
Nick Greenwood introduced alternatives, longevity hedging to the local government pension fund.
The Co-Founder of Shareholder Activism Is Dead, but His Cause Is Thriving
Along with Carl Icahn, oil tycoon T. Boone Pickens invented the corporate raider concept.
CalPERS, Wellington Launch Climate Risk Evaluation Framework
Guide aims to help firms assess, disclose climate change risks to their business.
CalPERS Terminates Real Estate Partner In Development Plan
CIM is out after nine years of failed efforts to develop a vacant lot in downtown Sacramento into an office tower. What’s next for the site is unclear.
ExxonMobil, Shell Among 10 Oil companies Dumped By Danish Pension Fund
The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Norway’s KLP Pressures Agribusiness, Investors to Save the Amazon
$80 billion fund seeks action to end ‘devastating environmental damage.’
CIO’s Transition Management, LDI Surveys Extended
Surveys to remain open until Sept. 20.
Senators Call for US Gov’t Pension Fund to Reverse “Short Sighted” China Investment
They say federal employees’ retirement savings will be used to fund Chinese military.
Ontario Teachers Tags With Alphabet to Launch Tech-based Infrastructure Company
New firm spun out of Google parent’s urban innovation business.
Exclusive: How a More than $50 Billion Bet Boosted CalPERS Returns
A large move into equity factor investing was key for largest US pension.