Under-Funded Colorado Retirement System Gets Some New Money
State will contribute $225 million extra annually, and both employer and employee contributions rise.
Newsmakers
$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.
Alcoa Contributes $500 Million to US Pension Plans
Aluminum producer used proceeds from recent debt offering to fund contribution.
SEC Charges Alternative Investment Firm with Fraud
Brent Borland is accused of stealing nearly $6 million to fund ‘lavish lifestyle.’
Exclusive: Eliopoulos Discusses Details of CalPERS SoftBank-Styled Plan for PE and VC
Critics express fiduciary concerns.
Crypto Exchange Coinbase Expands into Institutional Market
The platform will offer digital asset storage, research, and trading.
Exclusive: CalPERS to Announce Direct Investment Program
‘CalPERS Direct’ would help largest US fund to bypass high fees.
Greece’s Latest Round of Pension Cuts Are Revealed, so Top Judge Quits
After news leak, jurist skeptical of reductions retires early in protest.
League Urges CalPERS to Find Ways to Exceed 7% Return Projections
Spokesman said cities will not be able to pay monthly contributions if returns are that low.