Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
Newsmakers
CalPERS Direct-Style Private Equity Plan Comes Up for a Vote March 18
The largest US pension plan aims to break new ground with a program to expand its private equity asset class.
CIO Opens NextGen Nominations Through April 5
Asset owners and managers to choose 25 of the next industry champions.
China to Raise Debt to GDP Ratio, Tighten Infrastructure Investments
Nation lays out investment blueprints to hedge against slowing economy.
Update: Wyoming Retirement System Director Retiring
CIO Masoudi praises "universally well-loved and respected" Ruth RyersonRyerson’s collaboration, team building and interpersonal skills.
Aon Abandons Heavyweight Merger with Willis Towers Watson
After a whirlwind day of news, Aon confirms it will not pursue the buyout after all.
Wyoming Retirement System Director Retiring
Ruth Reyerson focused on collaboration, building a ‘strong management team.’
California Supreme Court Rules in Favor of Pension Benefit Cuts
Despite the ruling, the court sidestepped a much larger issue, whether core pension benefits promised at the time of hire for public workers can be changed.
Exclusive: CalPERS Aims to Advance Private Equity Plan
Investment committee members may vote on the plan in two weeks.
Warren Buffet Tells Pensions and Endowments to Cut Management Fees
Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
Equities Killed Norway’s Sovereign Wealth Fund in 2018
How overreliance on one asset class led to a $56.6 billion wipeout.
New York City Leads Anti-Carbon Coalition of Big Funds
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
Penn State Needs a New CIO
Endowment searching for a successor to newly retired first chief financial official.
Rhode Island Makes a Sustainability Deal with Archer Daniels Midland
Treasurer Magaziner pulls ESG proxy proposal.
Texas Teachers’ Launches Strategic Asset Study
Pension notes that the current asset allocation is ‘good…but can we do better?’