New Mexico Governor Pitches Plan to Bring State Pension to Solvency
Task force sees cost-of-living adjustments as the necessary scapegoat for pension’s financial health.
Newsmakers
CDPQ Returns 8.3% in Five Years, Beats Benchmark
Six-month returns fall short due to weak real assets performance.
Energy Institute Blasts BlackRock for Fossil Fuel Losses Despite Renewable Energy Efforts
Report maintains BlackRock lost $90 billion over the past decade due to fossil fuel investments; firm says conclusions are ‘misplaced.’
Japan’s GPIF Shows Small Gain, Recovering from Prior Losses
In June-ending quarter, foreign stocks helped overcome weakness at home.
Pennsylvania SERS Approves $286 Million in New Commitments
State retirement system board also confirms James Nolan as acting CIO.
2019 Innovations Awards: Last Chance to Nominate
Nominations for this year's 10th annual bash close tomorrow.
Connecticut Governor Strikes Deal to Save State Pension
New deal would provide ‘hundreds of millions of dollars in budgetary relief’ for the troubled state pension.
Last Days to Nominate Your Picks for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
CalSTRS CIO Says Trump Tweets are a ‘Key Market Risk’ to Monitor
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
Illinois Pension Buyout Program Falls over $400 Million Short of Goal
Buyout plans were expected to save $423 million, but only saved $13.1 million.
CalPERS In-State Investment Program is Up More than 11%
Meanwhile, plan is winding down its money-losing in-state private equity program.
Last Week to Nominate Your Picks for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
Gary Bruebaker to Appear on Next CIO Podcast
Washington State pension CIO to talk career highlights and challenges, advice from CalSTRS chief Chris Ailman.
Kentucky Finally Passes a Pension Reform
Bill targeting quasi-governmental agencies gets state Senate OK, and Gov. Matt Bevin, its author, signs shortly after.
The 3 Things that Threaten the Stock Rally
Look out below if the Fed doesn’t ease much, earnings dip, or the trade war heats up.