Court Refuses to Dismiss Central States Pension Lawsuit
District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.
News
Global Endowment Management Names Stephanie Lynch Managing Partner
Matt Bank and Jay Ripley are named deputy CIO and deputy MP, respectively.
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
FEG President, CEO Becky Wood to Retire at End of 2023
Alan Lenahan will be promoted to CEO and Bill Goslee to president, effective January 1, 2024.
Congressional Democrats Try to Make DOL ESG Rule the Law
Members of the Sustainable Investment Caucus have proposed legislation that would codify permitting ESG considerations in retirement plan investment.
U.S. Asset Managers Fear Federal Reserve Rate Hikes Will Cause Recession
Asset managers are concerned that higher rates will spark a liquidity crisis and 27% fear that continued rate hikes will cause significant equity market losses, CoreData Research finds.
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Australia Seeks Public Consultation on Pension Legislation
Former government accused of raiding superannuation system ‘with devastating impacts’ on savings.
The ESG Lawsuits Continue
This one, brought in Wisconsin, alleges that the DOL’s rule on ESG unlawfully compromises Americans’ retirement.
Patricia Ribeiro Promoted to Co-CIO of Global Growth Equity at American Century Investments
Ribeiro will serve as co-CIO of global growth equity discipline and will share the role until May 31 with Keith Creveling, until he moves into a portfolio management role.
Lazard Promotes Larry Cohen to Global Head of Technology & Operations
Cohen joined the firm in August as a strategic adviser.
Ohio STRS Loses 9.52% in 2022, Board Rejects Neville Vote of Confidence
Despite loss, the $89 billion investment portfolio outperforms it benchmark by 138 basis points.
CPPIB Names Jon Webster COO
Canadian pension giant also taps Maximilian Biagosch as global head of real assets.
CalSTRS Cites Funding Status, Net Zero Progress, and DEI in Sustainability Report
Sustainability report highlights progress on topics including funding; the path to net zero; sustainable operations; and diversity, equity and inclusion.
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.