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.
Newsmakers
Japan’s GPIF Reveals New Fee Structure
The world’s largest pension fund ‘drastically’ reduces its basic fee rate.
Institutional Investors, Canadian Government Launch G7 Investors Group
Representing $6 trillion in AUM, the group aims to further G7 initiatives.
Ray Dalio, James Cameron Launching Deep-Sea Exploration Program
OceanX will broadcast its discoveries via virtual classrooms, museum exhibits, and more.
NextGen List of Tomorrow’s Asset Owner Leaders to Be Named by Chief Investment Officer
List replaces the 40 Under 40, highlighting 25 of the industry's best up-and-comers.
Bridgewater Is Bearish about 2019
The world’s largest hedge fund views rising interest rates and debt as big problems.
Kentucky Governor Wants to Oust Judge in Pension Lawsuit
Republican Bevin requests new jurist, claiming current one is a biased Democrat.
Under-Funded Colorado Retirement System Gets Some New Money
State will contribute $225 million extra annually, and both employer and employee contributions rise.
$26 Trillion Institutional Group Pushes Paris Agreement Adoption Ahead of G7 Summit
Alliance concerned about agreement’s goals ‘falling short.’
Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
UK Pension Watchdog Head to Step Down in February
Chief executive had faced criticism from parliamentary committees of her handling of BHS and Carillion crises.
Ontario Teachers, CalPERS-Led Team Backs SEC Study of Stock Trading Fees
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
Evans is the third CIO to resign from a NY pension this month.
Harvard Overseer Resigns over Fossil Fuel Investments
Kat Taylor accuses $37.1 billion endowment of funding ‘pernicious activities.’
AustralianSuper’s Head of Property Exits
After a disastrous 2009 performance, departing exec turned the portfolio into $10 billion during decade-long stint.