State Duma Approves Putin’s Pension Proposals
Measure’s third and final lower house reading to be held today.
Newsmakers
CalPERS New CIO Is a Seasoned Investor
Ben Meng’s predecessors did not have deep investment roots, instead administrative and political experience were their calling.
GPIF Chooses Two Indices for Its ESG Benchmark
CEO Takahashi hopes the picks will push companies ‘to work on carbon efficiency and disclosure’ practices.
Poultry Pain: NY Comptroller DiNapoli Warns McDonald’s Over Chicken Care
The fast food giant must improve its treatment of chickens, or the state pension fund will sell its $300 million in Golden Arches shares.
MP Pension Head Wants Danske Bank CEO Gone ASAP
Jens Munch Holst says resigning exec Borgen should not remain at bank until a new chief is found due to money-laundering scandal.
CalPERS Names Meng New CIO
Start date has not yet been determined.
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Supreme Court Hears Kentucky Pension Arguments
Justices grill governor’s top attorney over the legality of complex bill’s passing.
Bill Seeks to Bolster Women’s Retirement Savings
Legislation addresses financial disadvantages that disproportionately affect women.
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.
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.