Op-Ed: Why CIOs Should Engage on Climate and Take Action
Thousands of CIOs are currently assessing the climate risks of their portfolios as the March 31 reporting deadline for the UN PRI approaches.
News
UK Pension Plan Tells Managers: Adhere to Low-Carbon Investments or Leave Us Alone
Brunel Pension Partnership sets out a ‘groundbreaking new approach’ to tackle carbon emitters.
Canadian Pooled Funds Return 15.8% in 2019
Strong stock and bond markets boost fund manager results.
South Carolina Governor Calls for Closure of Defined Benefit Pension
Gov. Henry McMaster’s proposed plan would move all new employees into a defined contribution pension.
Head of Canada’s Largest Pension Warns Against Illiquid Assets
CPPIB CEO Mark Machin ‘rings the alarm bell’ about not being too invested in the asset class.
Ill-Starred Investing Ace Bill Miller Posts Whiz-Bang 2019 Returns
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.
Fossil Fuel Divestment Yields ‘No Discernible Effect’ on Endowments
But study also finds divestment has no adverse effects on university portfolios.
UK Universities Superannuation to Give DC Plan Access to Private Markets
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Investors Redeemed Nearly $100 Billion from Hedge Funds in 2019
It’s the second consecutive year of outflows in the industry as managers struggle to keep pace with the broader market.
Worldwide Pension Fund Assets to Rise to $61 Trillion by 2025
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.
Mark Cuban: Stock Rally Will Continue as Long as Low Rates Do
Billionaire entrepreneur and 'Shark Tank' star, unlike Paul Tudor Jones, doesn’t see this year as a 1999 re-run, with its bursting bubble.
Rhode Island Launches Offensive Against Assault Weapons and Private Prisons
State Treasurer Seth Magaziner cites perverse corporate incentives and escalating violence for pulling investments out of the two industries.
SEC Charges Two for Allegedly Selling Fake Interests in Marijuana Firm
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
Negative Surprises Spurs IMF to Cut Global Growth Forecast
IMF sees few signs of a turning point amid ‘new normal’ of higher uncertainty.