San Diego to Pursue Managed Futures Strategies in Diversification Quest
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
Newsmakers
BlackRock Laying Off 3% of Staff Amid Market Concerns
The asset management titan plans to make ‘additional changes’ in the coming weeks.
ESG Provider ISS Acquires Strategic Insight, Owner of CIO
Companies merge as a consolidation move under their joint owner, Genstar Capital.
San Francisco Retirement Plan Connects with China
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.
Kuwait Pension Fund Suing Man Group
The Public Institution for Social Security says the British firm made secret deals with one of its heads between 1996 and 2013.
CalSTRS Board Approves $300 Million Campus Expansion
A second office tower is aimed to attract and accommodate new investment staff, part of a strategy to manage more of the plan’s assets in-house.
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
PBGC Director Nominee Gets Kicked Back to Trump
Clock runs out on controversial nod for brother-in-law of Mitch McConnell, Elaine Chao.
Florida Retirement System Audit Forecasts Diminishing Future Returns
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
Largest Sovereign Wealth Fund Takes $3 Billion-Plus Hit on Apple Shares
The tech giant’s Q1 sales warning sends Norway’s Government Pension Fund Global’s near $10 billion investment for a loop.
CalPERS Discloses Names of Potential Candidates to Run New Private Equity Organizations
Two former Silver Lake officials could have a future at the CalPERS-backed investment organizations.
Fitch Ratings Focuses on ESG Standards with New Scoring System
Agency finds only 3% of corporate ratings have changed as a direct result of ESG considerations.
Brazil’s New President Eyes Privatizations for Pension Reform
Jair Bolsonaro predicts initial investments to be almost $2 billion.
European Central Bank Projects Global Growth to Slow in 2019
Report says US-China trade tariffs are weighing down global economic activity.
SFERS Hires Select Equity Group for $500 Million Portfolio
The New York City firm is selected to manage an international portfolio even as other international equity strategies are being trimmed of their assets.