Yale, Stanford, Brown Endowments Return 5.7%, 6.5% 12.4%
Brown outperforms bigger endowments to reach record asset value.
Newsmakers
Harvard, Penn Endowments Return 6.5% Each, Duke Returns 6.9%
Endowments facing ‘economic headwinds’ in 2019.
Rothesay Breaks Two Records with Two Risk Transfer Deals
Insurer signs £4.7 billion deal with Telent, and £3.8 billion deal with Allied Domecq.
Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
Banks’ Pledge to Fight Climate Change Isn’t Universally Lauded
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
William Priest, Noted Wall Street Savant, Steps Down as Head of Epoch
The longtime commentator on markets and economics will stay on to oversee investment strategy.
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.
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.