UK Supreme Court Pension Ruling to Apply to All Public Sector Plans
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
News
New Maryland Law Requires State Pension to Reveal All Fees
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.
CalPERS Strikes Gold in Gatwick Airport Investment
Initial $155 million investment nine years ago now worth more than $1.24 billion.
Bryan Lewis, Pennsylvania SERS’s CIO, Is Leaving
Deputy CIO James Nolan recommended to serve in interim by investment committee.
BofAML’s Cross Asset Head Joins the Church Commissioners for England
James Barty will become the organization’s first director of investment strategy, created to navigate upcoming changes.
Multinationals Are Bailing from China, Larry Fink Says
As the trade war winds on with no end in sight, companies are not waiting around to see what happens, BlackRock chief finds.
People Moves Roundup
Man GLG gets some credit PMs, Aon promotes general counel, and more.
Navab Capital Partners Closing After Founder’s Untimely Death
Firm decides not to continue ‘without him at the helm.’
Warren Legislation Would Publicize Private Equity Fees and Returns, and Tighten Pension Obligations
Presidential candidate blasts PE firms, targets predatory opportunities throughout the business model.
Arizona Pension Fires Top Executive for Sexual Harassment
Jared Smout allegedly made inappropriate contact, comments, and staring.
Texas Teachers CIO Provides Details on Potential Singapore Office
Chase CEO Jamie Dimon to provide market insights in September board meeting.
A Break for the Weakened Housing Market
Mortgage rates are on the way down, which should boost affordability and home building starts.
Church Pension Group Beats Benchmarks
$13.5 billion fund has $2.7 billion in commitments to limited partnerships.
The SEC Wants to Lower Futures Minimum Margin Requirements
Proposition could have a substantial impact on the futures market.
Robin Diamonte to Receive CIO’s 2019 Lifetime Achievement Award
UTC’s CIO, considered by many to be a master of the industry, to be honored during awards night at NY Public Library.