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Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.

The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.

Ratings drops affect Comerica and KeyCorp, following Moody’s negative actions on lenders two weeks ago.

Environmental and social resolutions boosted the number of filings this spring, ISS says, while anti-E&S resolutions also shot up.

Despite the investment loss, net transfers helped raise the Canadian pension giant’s asset value to C$575 billion.

The $72 billion pension fund aims to reduce risk by cutting back its allocations to private markets and absolute return.

Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.

Led by programs in California, Oregon and Illinois, the pace of savings growth in state plans is accelerating.

Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.

He will succeed Rupal Bhansali, who is leaving to start her own firm.

Those stocks, such as Altria and Verizon, carry the top yields, but their flagging prices negate the sweet payouts, according to Bespoke.

Leo Grohowski will retire at the end of the year after 16 years leading the firm’s investment strategy.