NGO Study IDs Vanguard, BlackRock as Big Climate-Change Villains
A report from environmentalists knocks the two asset managers for investing heavily in fossil fuel companies, despite their pro-ESG stances.
News
Nevada Bill Marks Third Try at Establishing State-Sponsored Retirement Plan
Two previous attempts to pass similar legislation ended up going nowhere.
Industry Consensus Begins to Emerge on SEC Market Proposals
Execution disclosure and tick-size changes are good; Reg BE and mandatory auctions are criticized.
Storm-Tossed BlackRock Still Eyes Acquisitions
The world's biggest asset manager has expanded in the past when times were tough, its executives say.
Canada Passes Pension Bankruptcy Protection Bill
Bill will make plan members top priority when a company becomes insolvent.
Australia’s Future Fund Names David Bluff Head of Private Equity
Bluff joins sovereign wealth fund after 14 years at The Carlyle Group.
Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
PensionDanmark CEO to Step Down in October
Torben Pedersen, the pension fund’s first employee and CEO, will leave the post after more than 30 years.
Gensler Defends SEC Proposals at House Oversight Hearing
SEC Chairman Gary Gensler spoke about the importance of SEC regulation on climate disclosure, swing pricing and artificial intelligence.
Debt Ceiling Stalemate: End Date for Washington’s Pay Ability May Arrive Sooner
The so-called ‘X-date’ could come in June instead of August, say studies by Goldman Sachs and Wrightson ICAP, based on lower-than-estimated federal tax receipts.
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
Bernstein Private Wealth Management Promotes Alex Chaloff to CIO
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
How to Run Alt Investments: A Primer
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.
Japan GPIF Invests $3.7 Billion in Morningstar Gender Diversity Index
The index is designed to emphasize Japanese companies with strong gender and diversity policies.
Global Pension Funds Fall Short of Private Equity Targets in Q1
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.