Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
News
Diverse Manager Net Flows Expected to Remain Positive in 2023
With less than 2% of global assets invested with women or people of color, many asset owners are seeking to be more intentional about allocating with diverse managers, says Cambridge Associates research.
Michigan Retirement System Sues Generac Over Solar Power Defect
Class action alleges company executives failed to disclose faulty solar component.
Bloated Inventories Turning Into Economic Hindrance, Pantheon Says
The pandemic buying surge prompted businesses to stock up way too much.
Asset Managers See Further Potential in Private Credit Market
Amidst market uncertainty imposed by the pandemic and interest-rate hikes, portfolios have thrived in private credit; both CalSTRS and the CAIA Association hosted asset managers to discuss the asset class.
France Braces for Further Protests Over Retirement Age Increase
After Tuesday walk-outs, unions are calling for massive demonstrations this weekend.
New York Common Promotes McClearn to Interim Director of Emerging Manager Program
The program’s previous manager, Anyori Hernandez, is moving on to the New America Alliance.
NTAM Names BlackRock Exec as New President
Daniel Gamba replaces Shundrawn Thomas, who left last summer, at Northern Trust’s asset management arm.
Invesco, Russell Investments Name New CEOs
Zach Buchwald arrives at Russell from BlackRock, while Invesco promotes Andrew Schlossberg from managing director role.
Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Ontario Pension Giant OMERS Promotes Ralph Berg to CIO
After the April 1 transition, current CIO Satish Rai will remain as an adviser until he retires in 2024.
Silver’s Price Growth Is Outpacing Gold: A Good Economic Sign
One factor that gives silver a boost is its use in renewable energy products, DataTrek says.
Bipartisan Bill Aims to Restore Delphi Retirees’ Pension
Representatives reintroduce the Susan Muffley Act, which stalled in the Senate last year.
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Biden Backs Debt Ceiling Increase, Proposes Higher Tax on Buybacks
President pledges to protect Social Security and Medicare and asks Congress to 'finish the job' on many of his priorities.