Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
News
MIT Endowment Returns 8.8% in 2019, Grows to $17.4 Billion
University addresses Epstein protests, launches internal review of donor relationships.
Hostplus and Club Super to Merge
Merger talks began in July, continuing industry consolidation trend among giant pensions Down Under.
CPPIB Announces First Indonesian Infrastructure Investment
Fund to buy a 45% stake in one of the Asian nation’s top toll roads.
Banks’ Pledge to Fight Climate Change Isn’t Universally Lauded
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
Organizations Relying on Ethical Hackers to Improve Security Postures
‘Bug bounties’ offered by major technology companies to help find vulnerabilities.
Court Says Pension Withdrawal Liability Can’t Be Decelerated
Ruling likely to make trustees shy away from payment plans for defaulted employers.
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.