CEO of Danish Pension ATP Resigns After Pressure over Tax Scandal
Fund names CFO and COO Bo Foged as acting director.
Newsmakers
Kentucky AG Calls for Legalized Gambling to Fund Pensions
Andy Beshear says dedicated revenue source needed to save state retirement systems.
CT Treasurer Proposes Using Lottery to Fix Pension Fund
Denise Nappier eyes lottery-backed revenue bonds to support Teachers’ Retirement Fund.
CalPERS Global Equity Program Gets a ‘B’
It was a much better grade than the CalPERS Investment Office, which got a ‘D’ because of turnover in senior management.
Kentucky Teachers’ Shows 2nd Year of Funding Growth
The $19.8 billion pension plan increases its funded status to 57.7%.
Institutional Investors Launch Firearms Industry Framework
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
NY Comptroller Optimistic on Amazon HQ2 Deal
But Scott Stringer says arrangement must also benefit New Yorkers.
Chief of Malaysia’s Employee Provident Fund Delays Retirement
Mohamad Nasir Ab Latif will stay on another year to help the leadership transition.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
CalPERS CIO Leaves Friday, but Replacement Delayed
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
Bolsonaro Waffles on Pension Reform Passing in 2018
After a meeting with top economic advisor, Brazil’s President-elect says overhaul bill unlikely to pass before January inauguration.
Climate Change Risk a Threat to Scottish Pension Funds
Report says two of Scotland’s largest funds are not addressing climate change risks.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
Textron’s Van Vleet to Be Next CIO Podcast Guest
Textron CIO talks LDI, public vs. private pensions, and how to set up your retirement.
Dallas Pension Fund Sues Actuary for Malpractice
Police and firefighter pension alleges advisor failed to warn of deferred retirement risks.