Florida Retirement System Audit Forecasts Diminishing Future Returns
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
Newsmakers
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.
Pennsylvania Pension Revamp Starts, Barring New Hires from Legacy Plan
Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.
Canada Launches Pension Enhancement Plan
Enhancement will increase benefits and contributions for working Canadians.
CalSTRS Funding Report Offers Hope for the Future
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
Lawmakers Introduce Bill to Exempt Cryptocurrencies from Securities Laws
Proposed legislation aims to provide light-touch regulatory guidance for digital tokens.
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Canadian Pension Steps Up Gender Board Diversity Advocacy
CPPIB will use its voting power to increase presence of women on boards.
Danish Pension Excludes 14 Countries for Human Rights Violations
Denmark’s MP Pension said it will exclude from investments 14 countries that it accuses of systematically violating human rights. The move includes divesting DK400 million ($61 million) worth of...
Texas ERS Terminates Decade-Old Relationship with Investment Consultant
ERS also brings a new infrastructure private equity consultant on board.