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.
News
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.
Congress Investigates Whether PE Firms Are Behind Surprise Medical Bills
House committee asserts unexpected medical bills after emergency care visits could be perpetuated through private equity giants who own the health care facilities.
UK Pensioners Commit to Determine Investments’ Impact on Climate Before Executing Deals
High-profile signatories across the UK pledge to find effective means to decarbonize their investment pipelines and portfolios.
Steve Schwarzman Knocks Beijing, as Business Chiefs Grow Leery on Trade Tiff
The Blackstone head, on old China hand, argues that the challenge to Chinese conduct is justified.
Japan GPIF’s ESG Portfolio Outperforms Market
Fund reports that four out of five ESG investments outperformed their benchmarks.
Ex-Berkshire Pension Fund Chief Dies
Nick Greenwood introduced alternatives, longevity hedging to the local government pension fund.
Congressional Budget Office Finds Multiemployer Pension Rescue Bill is Not Enough
Legislation designed and intended to cure insolvency troubles for several different multiemployer pension plans is under scrutiny
Swiss Investors Are Ditching Traditional Investments, Moving to Alts
Study concludes that portfolio managers are cutting costs due in part to low interest rates.
Dutch Pension Funds Look to Transform How Real Estate Investors Decarbonize
New initiative backed by APG and PGGM looking for pathways to help real estate investors go green.
Automatic Enrollment Can Lead to More Fees
Report finds auto-enrollment means multiple pensions, which leads to more fees.