New York City is Worried About China, and the Fed
Deputy CIO fleshes out key concerns at meeting of five city pension plans.
Newsmakers
CalSTRS 2018 Calendar Year Results Are in Negative Territory
Strong equity market performance in January 2019 helped partly reverse course.
Washington Cities Debate Legislation to Switch Portfolio Governance to State Investment Board
Executive directors reject notion that the move would bring about cost savings.
Florida Pensions Investigate Potential Discriminatory Behavior by Airbnb
Allegations could lead to a state-wide prohibition on purchasing shares of the company.
OMERS Ventures Opens California Offices
Canadian pension plan is aiming for a more global venture capital program.
$1.3 Trillion Church-led Pension Coalition to Pressure Mines on Dam Safety
After the Brazil dam collapse, a call for mining company investors to insist on better standards.
CIO Sentenced to 7 Years in Jail for Fraud, Money Laundering
Ian Robert Woodall was found guilty of defrauding a London pension of more than £1 million.
Brunel Readies Manager Search for New Global Equity Fund
Pension pool wants High Alpha portfolio to outperform benchmark by at least 3%.
Lockheed Martin Makes Two Big Pension Risk Transfers in Q4
Latest 8-K reveals $2.6 billion in LDI transactions.
UK Trade Organization Seeks to Define ESG
The Investment Association attempts to clear up three key issues in the space.
CalSTRS CIO Proposes Rebranding Corporate Governance Unit
Chris Ailman calls for new name that better reflects ESG focus.
Guggenheim CIO Calls Recession Fears ‘Overblown’
Scott Minerd says Davos attendees tend to misread the tea leaves.
New York Pensions Settle Environmental Activism Lawsuit Against Aerospace Company
Multi-billion-dollar company argues greenhouse gas proposals go against its ‘ordinary business.’
Citigroup Launches Green Bonds
Bank looks to keep 2015 promises on renewable energy, water quality, and other Paris Agreement goals.
CalSTRS Wants to Double Co-Investments
Co-investments only make up around 5% of the CalSTRS private equity portfolio but additional investments may help build up the overall private equity program.