Lifetime Achievement Award: Mansco Perry, Minnesota State Board of Investment
A focus on the fundamentals of investing and the greater mission the portfolio serves are central to Perry’s highly distinguished career.
Newsmakers
CalPERS Selects New Chief Investment Officer
Deal with Ben Meng is not done, however, as negotiations continue on total compensation.
Mercer’s Parent Company Buys UK Rival for $5.7 Billion
The firm will expand its reach into the British pension advisor market.
CalPERS Rejects Pay Packages for 43% of US Companies
Plan launches second initiative aimed to increase independent board members at Japanese companies.
Australian Superfund Seeks Zero Emissions for Real Estate
Cbus sets goal to eliminate emissions from its A$5 billion property portfolio by 2030.
NYC Pension Funds to Double Green Investments
The three-year plan will see the five-fund retirement system’s climate-related holdings go to $4 billion.
Institutional Investors Attack Climate Change by Responsible Investing
Representatives of pension plans and asset managers describe effort to Invest in ESG strategies at annual Principles of Responsible Investing conference.
Legal & General, British Airways Cut Largest UK Bulk Annuity Deal
The financial services company will take over $5.7 billion of the airline’s pension liabilities.
Gore Calls on Institutional Investors to Adopt ESG Focus
At PRI annual conference, the former US vice president says ESG investing is needed to combat climate change.
Kentucky Supreme Court Pension Hearing to Air on State Television
In the second televised high-court case, opponents A.G. Beshear and Gov. Bevin will testify.
Struggling Cincinnati Pension Plan Applies for Benefits Reduction
Laborers Local No. 265 is seeking a flat reduction of 40% of benefits.
PRI Leader Calls on Institutional Investors to Take Climate Change Action
Fiona Reynolds warns that government action will occur if institutional investors don’t ramp up climate change investment initiatives.
CIO Announces Innovation Awards Finalists for Dec. 13 Gala
Ninth annual Innovation Awards nominees list was honed by asset owners and consultants representing $1.8 trillion in assets under management.
Connecticut Study Group Eyes Possible Ways to Plug State’s Pension Gap
Officials point to state lotto, real estate, and benefits changes to help decrease the $127.8 billion shortfall.
Greece’s Pension Cuts, Tax Hikes Are Now Unnecessary, Says PM
Alexis Tsipras’ post-bailout plans will depend on the European Commission’s approval once it gets Greece’s economic projections.