WSIB CIO Gary Bruebaker to Retire
After 18 years at the Washington State Investment Board, Bruebaker is trading building good investment returns for other passions such as water sports and vintage cars.
News
Norway’s Largest Pension Fund Divests From Alcohol, Gambling Investments
Action latest in KLP’s quest to eliminate ‘sin stocks’ from its $80 billion portfolio.
Proposed Legislation Aims to Help Boost US Retirement Savings
Bipartisan bill calls for increased contribution limits, expanded access for workers.
Many Institutional Investors Confuse ESG with Socially Responsible Investing
White paper says purpose of ESG is to improve financial performance, not change the world.
Wilshire Trust Universe Reports Best Quarter Since 2009
Quarterly return of 8.26% provides strong rebound from 2018’s dismal Q4.
European Commission Fines Banks €1 Billion for Currency Rigging
Barclays, RBS, Citigroup, JP Morgan, and MUFG allegedly participated in forex cartels.
SEC Halts Alleged Diamond-Related ICO Ponzi Scheme
Regulator charges cryptocurrency firms with securities fraud.
CalSTRS Wants to Increase Internal Management
Hundreds of millions in cost savings could be at stake, but building additional external capabilities won’t be easy.
Yikes, Lofty Corporate Debt Will Hurt Us When Earnings Slip, Moody’s Warns
Record leverage, at 46.6% of GDP, leaves companies vulnerable, says economist Lonski.
CPPIB Returns 8.9% in Fiscal 2019
Foreign private equities were the investment portfolio’s top-performing asset.
UK Loses Decade of Improving Life Expectancies
Mortality rate at the end of 2019 expected to fall back to 2009 level.
New Bill Would Conduct the Largest Investigation of Private Pensions in 40 Years
Bipartisan senators look for new ways to ensure retirement security.
People Moves
Sidley gets some new talent, PRGN adds new offices, and more.
Texas Employees’ Tees Up Major Investment Plans
Private equity, infrastructure, and real estate allocations have their investment schedules laid out for the future.
UK Pension Funds Now Hold less than 20% in Equities
Report also says accounting rules change could cost FTSE 100 pensions $100 billion.