Top Canadian Pension Plan and US Apartment Operator to Build Brazilian Housing
The partners will invest up to $190 million in combined equity into the project.
News
Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
Expert Warns UK Pensions Could Face Massive Dashboard Compliance Costs, Work
Contrary to government assurances, the price tag will be huge, says former UK pensions minister Steve Webb.
CalPERS Retirees Call for Board President to Resign
The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.
Tulane Investment Chief Jeremy Crigler to Retire
Richard Chau and Julia Mord will take over as interim CIO and interim deputy CIO, respectively, to manage the fund’s $1.4 billion portfolio.
Good Vaccine News Has Immediate Impact on the Stock Market
A quarter of the S&P 500’s rise since May is linked to positive developments on a virus inoculation, UBS says.
Ohio Police & Fire Pension Approves 5% Gold Allocation, Earns 9.21% in Q2
The $15.65 billion fund is looking to the precious metal to help with diversification and as an inflation hedge.
Drag on Economy: The ‘Temporarily Laid Off’ Who Become Permanent
Goldman Sachs warns that a big swatch of the jobless will end up staying that way.
Pennsylvania Teachers’ Pension Sheds $2 Billion in Risky Investments
Move receives praise from State Treasurer Joe Torsella.
Canada’s BCI and Others Invest $3.4 Billion in Indian Telecom Tower Venture
The Canadian institutional investor acquired a portfolio of 175,000 cell towers in the world’s second largest telecommunications market.
SEC, DOJ, CFTC Charge Three in Ponzi Scheme Targeting African Immigrants
The defendants allegedly posed as pastors to gain the trust of unsuspecting churchgoers, among other things.
Neiman Marcus, Mired in Chapter 11, Cuts Executive Retirement Benefits
Discord over move is sharpened by big bonuses for CEO and other C-suite execs.
ESG Becoming the New Normal for European Pensions
The vast majority of pensions now consider the environmental, social, and governance risks to their investments.
Abu Dhabi’s Mubadala, PE Firm Kohlberg Take Over US Pharma Firm
The Philadelphia-based PCI Pharma Services is looking to expand operations in Asia and greater Europe.
Nearly £31 Million Lost to UK Pension Fraud in Three Years
Regulators say amount is likely even higher as many scams are unreported or unnoticed for years.