Australian Private Capital Levels Rise to Record A$30 Billion
Country is ahead of China, India, and Japan on a per-capita basis.
News
UK Launches Institute to Help Investors Make Social Impact
Nascent organization is still accepting applications for a chief executive.
New York Comptroller Aims to Double Pension Plan’s ESG Funding
DiNapoli seeks to increase the state Common Retirement Fund’s sustainable investments to $20 billion.
Rhode Island Supreme Court Upholds Cranston Pension Cuts
High court reluctantly rejects challenge to 10-year suspension of COLAs.
UK Academics Demand Inquiry into USS Pension Fund
More than 1,000 professors call for investigation into largest UK private plan’s deficit.
UAW Pension Fund Urges Mylan to Bolster Pay Policy
Pension wants firm to recoup incentive compensation from execs who behave badly.
US Public Defined Benefit Pension Assets Rebound in Q1
Pensions’ largest quarterly gain followed their largest quarterly loss.
Philip Green Wins Support from Regulators for Arcadia Rescue Plan
Regulators satisfied with £385 million package despite demanding £25 million more.
People Moves Roundup
MSCI strengthens Australia, New Zealand reach, Chicago Trading Co. gets a new CEO, and more.
Alaska Shoots for $3 Billion in Private Markets Investments Next Year
Robust growth anticipated for its direct and co-investment strategies across private equity, private credit, and infrastructure.
Apollo’s Leon Black Laments Going Public
Lagging share price vexes PE kingpin, who says investors just don’t understand the firm.
Rolls-Royce, Legal & General Strike $5.8 Billion Pension Deal
Insurer tops previous record for the largest risk transfer seen in the UK.
Third Swedish Pension Plan Divests from Nukes and Tobacco Companies
AP2’s decision sees it keeping up with new laws, sister funds AP1 and AP4.
TPR Replaces Pension Trustees over Incompetence
Regulator names independent trustee to oversee Dunnes Stores DC plan.
Leveraged Loan Boom Is a Threat, Says BofA Chief
Bank lending to heavily indebted companies will blow up once the economy goes south, Brian Moynihan warns.