Companies Should Pay Better, Survey from Paul Tudor Jones Group Says
Poll finds compensation is top issue in ways businesses could improve Americans’ lives.
Newsmakers
Ken Fisher’s Lewd Comments Cost Him a Big Client
The State of Michigan Retirement Fund has severed ties with billionaire asset manager’s firm, yanking $600 million investment.
Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
Breaking News: CalPERS Board President Henry Jones Beats Challenger
Jones beat former board member J.J. Jelincic in a heated race that dealt with CalPERS investment policy and past sexual harassment charges
Yale, Stanford, Brown Endowments Return 5.7%, 6.5% 12.4%
Brown outperforms bigger endowments to reach record asset value.
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.