State Court Rules Anti-ESG Investing Law Violates Oklahoma Constitution
Judge grants temporary injunction against the Energy Discrimination Elimination Act saying it could affect OPERS’ ‘financial soundness.’
News
UPS Hires Goldman Sachs Asset Management as OCIO for $43.4 Billion Pension Plans
The company's investment staff will join GSAM, following one of the largest OCIO mandates to date.
Asset Managers Show Strong Efforts at DEI, Survey Finds
Callan study shows that 70% of them have a formal policy to deliver diversity, equity and inclusion.
Ohio Attorney General Calls for Removal of Two Teachers’ Pension Board Members
Attorney General Dave Yost accused the members of breaching their fiduciary duty to the fund.
What do New China Tariffs Mean for U.S. Industries?
Biden’s new tariffs are unlikely to seriously disturb global markets, sources say.
Vanguard Appoints BlackRock’s Salim Ramji as New CEO
Ramji is Vanguard’s first external hire for the position.
Scott Chan Named CalSTRS’ New CIO
The fund’s deputy CIO will step up to replace the long-tenured Chris Ailman.
Evaluating the Impact of Climate Change on Investments
Eroding profits would happen gradually, but the result would still be horrendous, scholar Rebonato warns.
Wisconsin Pension Buys $160 Million in Bitcoin ETFs
The State of Wisconsin Investment Board purchased Grayscale and BlackRock Bitcoin ETFs.
US Corporate Pension Funding Mixed on Stock Declines
Record pension funding levels cooled slightly in April from a drop in asset values, but were partly saved by another uptick in discount rates.
Andrew Yorks Appointed as Head of Global Investment Strategy at Prudential
His appointment is effective July 15, and he will report to Prudential CIO Tim Schmidt.
Nest to Replace State Street with Northern Trust as Its Administrator
The UK pension program lauds its new investment firm’s ‘flexibility’ and ‘sophistication.’
Google Cloud Accidentally Deletes Australian Superannuation Fund’s Data
The $83 billion UniSuper saw its operations disrupted over the accident.
Private Credit Downgrades Rise Among Mid-Sized Companies, Says KBRA
Among a sampling of them, 21% had first quarter demotions, striking a possibly worrisome note for a key part of the economy.
Ann Orr: New PBGC Acting Director
Orr takes over on an acting basis after Hartogensis’ term expired.