News
More Federal Spending Is a Boon to US, Says JPM
Casting aside budget hawks’ concerns and inflation upticks, the firm applauds the industrial policy under the Biden Administration.
CalSTRS Punishes Directors at More Than 2,000 Firms for Weak Climate Risk Disclosure
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
Florida Fund Administrator Settles SEC Charges Over Missing ‘Red Flags’
Theorem Fund Services allegedly misappropriated and misused investors’ funds.
Much-Touted Reshoring Movement May Be Derailed, BofA Warns
Labor and mineral shortages, plus other problems, stand in the way, a bank study says.
Mass PRIM Reports 6% Gain in Fiscal 2023 to Raise Asset Value to $96.6 Billion
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
Strong Equities, Dip in Liabilities Boost Pensions
July sees fourth consecutive month of improved U.S. corporate pension funding.
Hard-Charging Tech Stocks May Slow for the Rest of 2023, Ned Davis Says
Technology leaders are off since mid-July, amid new investor wariness and concerns over their high valuations, the research firm contends.
Public Equities Drag Orange County Pension Investments 7.8% Lower in 2022
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
How SWIB’s New Actively Managed Portfolio Aims to Be ‘Different’
Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
UN Pension Fund Loses More Than $13B in 2022
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.
BlackRock Launches New Zealand Strategy for Institutional Investors
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
OMERS Names CPPIB’s Michael Hill Head of Infrastructure
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
NYC’s 5 Pension Funds Return Combined 8% in Fiscal 2023
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
ICPM Gives Top Research Award to Paper Exploring Active vs. Passive Investing
Research awards were also granted to papers covering climate risk and sustainable investing.
