San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Newsmakers
Illinois Teachers’ Asks for 10.6% More in State Contributions
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
New Actuary Rule for Assessing Pension Risk Kicks In
ASOP 51 requires looking at potential risks to plan’s future financial condition.
Dutch Pension Age Increase Stalled Due to Life Expectancy Dip
Because of winter 2017’s flu epidemic, the Netherlands will not see a rise in the retirement age past 2022.
Largest US Community Foundation Sees Opportunity Zone Program Role
The top investment official of the Silicon Valley Community Foundation says foundations could provide loans to make new funds attractive for investors.
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Brazil’s President-Elect Urges Pension Reform ASAP
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
Pension Reform High on Brazilian President-Elect’s To-Do List
Jair Bolsonaro aims to privatize the nation’s retirement system when he takes over in January.
Ray Dalio, Mike Bloomberg Partner for Ocean Exploration
The two billionaires will strengthen OceanX’s research, sustainability projects for a cool $185 million.
NYC Comptroller Wants 3 Major Indexes to Ban Saudi Stocks
Scott Stringer says city’s five pension funds want to shun the kingdom following Khashoggi murder.
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
New York Sues Exxon Mobil over Alleged Climate Change Disinformation
State AG accuses oil giant of ‘fraudulent scheme’ to deceive investors.
Council of Institutional Investors, Ash Williams Tell NYSE, NASDAQ to Curb Multi-Share IPOs
The group wants newly listed companies to convert to one share-one vote structures after seven years on the exchanges.