North Carolina State Pension Hits Record $108.5 Billion Market Value
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
News
Ohio Teamsters Pension Fund Seeks Benefits Reduction
The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.
Remember Those Rate Increases? Big Mistake, Two Fed Governors Now Say
Richard Clarida and Lael Brainard say economic growth would have been stronger without the 2015-18 hikes.
Sustainable Water Fund Attracts $100 Million from Temasek, Microsoft
Clean technology firm Emerald Technology Ventures will invest in early- to expansion-stage businesses that address global water challenges.
Sustainability Leaders to Work on Common Corporate Reporting Standard
The group of five firms is responding to criticism that inconsistent disclosures make ESG reporting confusing.
US Corporate Pensions See Largest Monthly Funding Gain Since 2003
Funding boost helped by combination of robust investment gains and rising discount rates.
Climate Change Poses ‘Major Risk’ to US Economy, Says CFTC Report
Combating threat will require public and private investments ‘in the trillions of dollars.’
World’s Largest Pension Funds’ AUM Up 8% in 2019
Report finds size matters, as the larger the fund, the higher the compound annual growth rate was from 2014 to 2019.
Op-Ed: ‘Widening the Aperture’—A Key to Enhancing Minority Recruitment
A diverse talent pool can be accessed by expanding the recruitment process beyond finance-related fields, Northern Trust’s Abdur Nimeri writes.
Watch Out for a Doubling of Junk Defaults, Warns Gundlach
The Bond King fears their fundamentals are too rickety to persevere during this recession.
PBGC to Pay Pension Benefits for McClatchy
Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Sept 10: Live Conversation with CalPERS’ Anne Simpson and ISS’ Viola Lutz on Climate Risk and Financial Performance
Register now to reserve your space at tomorrow’s CIO's Allocator Insights webinar.
CPPIB Taps Edwin Cass as Pension Giant’s First CIO
Canadian fund also names Deborah Orida as head of real assets.
Goldman’s 10 Reasons That the Bull Market Will Resume
An array of forces will juice stocks anew and the early-September drop is just a correction, the firm argues.