House Republicans Propose 13 Bills to Reform SEC
The legislation would require more economic analysis and longer comment periods.
News
Private Funds Trade Groups Challenge New SEC Dealer Rule
The rule, finalized in February, would require private funds trading large blocks of government securities to register as dealers.
Water-Related Risks and Challenges
From the WRI Aqueduct 4.0 review of updated decision-relevant global water risk indicators.
Truce Over: Texas School Fund to Ax $8.5B in BlackRock Investments
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
Japan’s GPIF Explores Incorporating Cryptocurrency Into Its Portfolio
The fund issued a request for information on incorporating digital assets, as well as gold, timber and other alternatives, into pension portfolios.
CalPERS Approves New Private Assets Allocation in Private Equity Push
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.
Private Capital Payouts Are Sub-Par, Hamilton Lane Charges
These alternative asset funds reduce distributions to investors amid high rates and recession jitters.
NYC Comptroller Says Apple’s Workers’ Rights Assessment Lacks Credibility.
Brad Lander said a report by law firm Jenner & Block lacks rigor, expertise and worker input.
SEC Climate Rule Put on Hold
The U.S. 5th Circuit Court of Appeals delayed implementation of the rule, pending further review.
Mississippi PERS Opposes Bill to Change Board, Deny Employer Contribution Increase
Legislation passed by the Mississippi House of Representatives would flip the pension’s board from mostly elected by members to mostly appointed by government officials.
Roadblock Looms for Renewable Energy Shift, BCA Warns
A lack of capital spending in mining such ‘transition metals’ as copper, nickel and lithium is linked to chaotic prices, the research firm says.
New York State Pension Boosts Real Estate Investments by $300M in January
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
Central States Legally Required to Repay $127M to PBGC
The multiemployer plan received an overpayment due to an incomplete death audit conducted by the PBGC.
NYC Retirement System’s Steven Meier on Rates, Risks and Opportunities in 2024
The CIO looks to ‘critical trends’ of decarbonization, deglobalization and demographic dynamics as portfolio drivers over the next 10 years.
MFS Investment Management Appoints Alison O’Neill as CIO
O’Neill is scheduled to take the new role January 1, 2025.