Court Says Pension Withdrawal Liability Can’t Be Decelerated
Ruling likely to make trustees shy away from payment plans for defaulted employers.
News
CalPERS Picks Local Real Estate Manager
New developer announced a week after the fund terminated the previous developer’s contract.
William Priest, Noted Wall Street Savant, Steps Down as Head of Epoch
The longtime commentator on markets and economics will stay on to oversee investment strategy.
Texas Teachers System Returns 6.4%, Misses Benchmark
Global equities spur 3.2% return for second quarter.
600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
China Investment Corp. Sees Flat Results
Rough year brought on by wild global swings and higher volatility, says CEO.
Hackers Steal $4.2 Million from Oklahoma Police Pension
FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’
People Moves Roundup
GoldenTree gets boots on the ground in Japan, Vantage hires former Whirlpool head, and more.
What Recession? Forecasts See Only a Slowdown
Establishment outlooks find US will avoid an actual economic contraction up ahead.
Washington State Investment Board Commits Up to $1 Billion to Private Markets
Private markets now make up around 40% of the pension plan’s assets under management.
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.
FCA Says No Deal Brexit Impact ‘Less Severe’
Regulator credits ongoing preparations for mitigating Brexit risks to UK businesses.
Exclusive: Texas Treasury Safekeeping Trust Co. CIO Retiring
Paul Ballard approached investing with an eye for uncorrelated sources of return, ran the $80 billion sovereign wealth fund since 2003.
What’s the Fed’s Next Step on Rates?
Futures markets predict it will reduce another quarter-point this year, and that’s it.
University of California Endowment, Pension to Divest All Fossil Fuels
CIO and investments chairman say faculty, student protests did not push the decision.