Canadian Pension IMCO Loses 8.1% in 2022
The pension fund’s C$69.1 billion portfolio was weighed down by fixed-income and public equity investments.
News
NYC Pension Funds Have Reduced Emissions by up to 27% Since 2019
Three of the city’s five funds are looking to reach net zero greenhouse gas emissions by 2040.
Longer Life Expectancy Puts Pressure on Global Pension Systems
The sustainability of public pension plans comes into question, as average life expectancy is projected to rise to 77.3 years by 2050, data from Allianz shows.
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Norway Pension Giant Seeks To Remove ‘Rotten Apples’ From Portfolio
CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
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.
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.