Recent Investment Company Act Exemption Could Lay Groundwork for More
SEC defines parameters for one tech company to invest in ‘capital preservation instruments’ without having to register as an investment company.
News
Pension Funds Sue Silicon Valley Bank’s Officers, Auditor KPMG Following Failure
Complaint alleges the company's executives and its auditor ‘understated and concealed’ the risks posed by rising interest rates.
Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.
Cement Workers’, Teamsters’ Pensions Receive Additional PBGC Funding
The PBGC paid out $438 million in additional funding to the NYS Teamsters Conference Plan and smaller amounts to three other plans.
Drooping Dollar May Face Global Reckoning, but Is There a Viable Replacement?
Eurasia Group’s Ian Bremmer pushes back against resurgent notions that the greenback is destined for permanent decline.
New York Common Commits $1.3B to Sustainable Program
The $242.3 billion state pension fund also committed more than $600 million to alts in February.
Norway Asks Sovereign Wealth Fund to Consider Adding Unlisted Equities
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
Forget Any Fed Pivot, Says JPM’s Gross
The bond and futures markets believe the central bank’s tightening will about-face—a bad call, the strategist contends.
Alecta Replaces Equities Head in Wake of US Banking Losses
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.
NYC Pension Funds Call On Chipotle to Adopt Noninterference Policy
Comptroller Brad Lander alleges the company has demonstrated a pattern of anti-union tactics.
UK Shelves Decision on When to Raise Pension Age to 68
The delay follows violent protests spurred by the French government’s decision to increase France’s pension age to 64 from 62.
DOL Offers First Legal Defense of Its New ESG Rule
The Department of Labor challenged the plaintiffs’ standing and defended the legality of the new ESG rule, but also saw its motion for a venue change dismissed.
Japan GPIF Foreign Equity Managers Rate Top TCFD Disclosure Firms
Microsoft and BHP were cited the most by asset managers as providing the best climate risk information.
Listed Infrastructure Expected to Deliver Regardless of Economic Slowdown
The asset class will still provide ‘highly attractive returns,’ even if economic growth slows, says First Sentier Investors.
UN PRI Report Shows Investment Managers Can Improve on ESG
PRI signatories are meeting the framework’s minimum goals, but there is a long way to go.