CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Newsmakers
California Comptroller Concerned over Capital for Underserved Areas
Board questions how CalPERS can still help areas after end of California Initiative.
Ohio CEO Convicted of 401(k) Fraud
Attevo Inc.’s Charles Snyder allegedly used funds to support ‘lavish lifestyle.’
Soros to Bankroll Personal Injury Lawsuits
The hedge fund billionaire invests in firm that fronts money to plaintiffs awaiting verdicts.
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
NYC Comptroller’s Diversity Push Shows Some Results
Stringer and city pension funds succeed in broadening boards at more than half of 151 targeted companies.
Lockheed Martin’s Pension Head Steps Down
Christopher Li abruptly retires after a 12-year run without a successor named.
Malaysian Asset Manager Launches Private Equity Unit
New business unit has been two years in the making.
Texas ERS, PAAMCO to Seed Emerging Hedge Funds
The joint venture, called PAAMCO Launchpad, aims to pump in $3 billion.
Kentucky Judge Deems Governor’s Pension Law Unconstitutional
Ruling favors attorney general’s objection over how it was passed.
Portland Pension Fund Applies for Benefits Reduction
Western States Office and Professional Pension is seeking a 30% cut in benefits.
Eliopoulos: Without Direct Investment Model, CalPERS’s Private Equity Class Will Shrink
CIO tells investment committee there aren’t enough top-tier firms to invest in to sustain growth.
China to Shunt More Money to Ailing Provincial Pension Plans
Beijing will divert money from well-funded programs in bustling urban centers to subsidize struggling areas.
CalPERS: Board Diversity Efforts Beginning to Work
18% of US companies targeted in July 2017 now have, or have concrete plans to have, women and minority board members.
Japan’s GPIF Reveals New Fee Structure
The world’s largest pension fund ‘drastically’ reduces its basic fee rate.