Conservative Think Tank Calls for NYC Pension Reform
Manhattan Institute recommends moving to defined contribution plans and consolidating funds.
News
UK DB Plans’ Funded Ratio Falls to 91.4% in September
Meanwhile, the aggregate deficit of UK defined benefit plans rose to £166.1 billion during the month.
New Mexico Teachers’ Pension to Divest from Private Prisons
The $12.75 billion fund has been under pressure to sell stakes in CoreCivic and the GEO Group.
OMERS to Sell Detroit River Rail Tunnel Stake for $312 Million to Canadian Pacific
The pension fund has been invested in the transnational transport system for nearly two decades.
Oklahoma Firefighters Pension Sues Peabody Energy over Mine Fire
The lawsuit alleges the coal mining company, its CEO and its CFO failed to disclose safety issues.
Endowment Index Returns Over 5% in Q3
China equities, timber, and private agriculture investments bolster robust quarterly gains.
Chicago Pension President Decries Board’s Culture of Racism, Sexism
Jeffery Blackwell says he has ‘been on the receiving end of sabotage, intimidation, and racist comments’ from colleagues.
Abu Dhabi Pension Fund and ADQ to Invest $2.1 Billion in Gas Pipelines
The state investors have taken a 20% stake in the energy firm.
Software Firm CEO Indicted in $2 Billion Tax Evasion Scheme
Robert Brockman allegedly used a web of offshore entities to hide private equity income from the IRS.
OECD Report Outlines Challenges Facing ESG Investing
Study finds ‘little evidence’ of consistent ESG over-performance in recent years.
Former FEG Chief Executive Scott Harsh Takes Consulting Job at NEPC
He’s coming out of retirement to help the firm expand its presence in the Southeast and Midwest.
Norway Pension Giant Rebounds in Q3 From Heavy First-Half Losses
The $1.15 trillion fund returns 4.3% during the quarter after losing $21 billion in the first half.
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
Exclusive Interview: Ted Aronson Will Shutter His Value-Oriented Firm
AJO Partners is closing after nearly 40 years of investing, as its style suffers. Founder's team wants to launch a successor, but he will be on the sidelines.
From Here, Recovery Will be ‘Tougher,’ But Good Investments Persist
So say two savants from Principal Financial, at CIO’s Summit.