CDPQ and Al Gore Firm Unite for ESG Investments
Partnership acquires majority stake in fintech firm FNZ in first investment deal.
Newsmakers
Yale Dives into Cryptocurrency
Could David Swensen’s move signal the start of institutional adoption for bitcoin and its ilk?
CalPERS President Loses Her Board Seat
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.
Hedge Funds Criterion, Highfields Shutting Down
The two alternatives firms will close at year-end, unhappy with recent performances.
QSuper CIO to Depart Next September
Brad Holzberger helped create Australia’s first two-dimensional lifecycle fund during his near-decade stint as investment head.
Putin Makes Russian Pension Reforms Law
An extra $7.6 billion from the government will help finance the operation, which gradually raises the national retirement age over the next five years.
International Paper, Prudential Make $1.6 Billion Group Annuity Deal
Prudential will take over the benefit obligations of 23,000 retirees.
Arizona PSPRS Gets a New CIO
Mark Steed will run the $9.8 billion pension system, replacing the newly retired Ryan Parham.
UN Launches Tobacco-Free Finance Pledge
Initiative calls on finance industry to tackle ‘tobacco epidemic.’
Alaska Permanent Fund Announces New CIO
Marcus Frampton will take over from Russell Read, who departed the $64.9 billion sovereign wealth fund in July.
Tesla Comes Out on Top Despite SEC Suit, Musk’s Board Resignation
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.
CalPERS to Review Whether International Stock Holdings Should Be Reduced
A decade ago, the largest US pension plan decided to abandon its home country bias favoring US stocks. Now, pension officials wonder if it was the right move as US stock performance has shined.
Russian Pension Reforms Pass in Final Duma Reading
Controversial measure, which increases the retirement age, now goes to parliament’s upper house.
State Treasurer Calls for Investigation into CalPERS CEO’s Hiring
Board approves 4% raise, $84,873 bonus, but controversy continues over Frost’s educational credentials.