NY State Pension Reaches Agreements with Firms on Executive Pay
Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.
Newsmakers
CalPERS Planned Private Equity Program Could Grow Quickly
Official says system could easily commit $10 billion in just five years via direct investment organization.
Three Managers Put Under Review By San Francisco Pension Plan
AQR, William Blair, and DFA all have seen their international equity strategies reduced by the San Francisco Employees’ Retirement System.
Moody’s Takes Dim View of Kentucky Due to Pension Reform Mess
Ratings agency doesn’t downgrade the state but puts it on ‘credit negative’ status, which could portend trouble ahead.
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
Kentucky Lawmakers Balk at Bid to Push Through Thwarted Pension Overhaul
House members say $43 billion funding problem can’t be resolved over a “five-day session.”
Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Kentucky Gov. Calls Special Legislative Session to Address Pension Crisis
State house introduces two pension reform bills during late-night meeting.
NYC Comptroller Calls on CBS, Alphabet to End ‘Inequitable Practices’
Proposals demand end to nondisclosure agreements and noncompete clauses.
CalPERS Investment Returns Are in Negative Territory
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
CalPERS Would Be Forced to Divest from Private Prison Companies
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Kentucky Supreme Court Strikes Down Pension Law
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
Washington State Makes New Private Market Commitments
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.