Everyone’s Failing to Help Fund Puerto Rico Pension’s Back-Up Plan
Report finds that municipalities, public organizations, and the private sector are failing to pay their fair share to assist the decimated pension.
News
AustralianSuper Gets a New Independent Director
Dr. Don Russell, former chair of rival fund, served ex-Prime Minister Keating.
Many Pensions Still Struggling After the Great Recession
New Pew study finds many institutional investors are reporting declining funded ratios since 2009.
San Francisco Needs to Commit $2.8 Billion to Private Markets
The pension system will need to make major new investments in 2019 to keep its large private markets portfolio intact. In the case of private credit, the investments will also help build the asset class.
CEO Resigns from £17 Billion UK Pension
Susan Martin steps down from LPP as Chris Rule named interim replacement.
No Universal Health Care, but Pharma Should Beware, Says Hedge Star
Glenview’s Larry Robbins sees real danger in drug-price regulation, but doubts Medicare for All can happen politically.
Some Police in Connecticut May Revert to DB Plan
Departures due to discontent over a town’s DC plan are mirrored elsewhere.
CalSTRS Expected to Support Carbon Pricing
Plan will look at corporations’ policies on the issue as it examines their sustainability policies.
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
SEC Charges Incarcerated Man for Reviving Broadway Ticket Scam
Joseph Meli was charged with a crime he is already serving time for in prison.
ABP Comes Closer to Reaching Sustainability Goals
How the biggest Dutch fund boosted its ESG investments in 2018.
People Moves Roundup
Willis Towers Watson creates a new role, FCA changes leadership, and more.
US Pension Funded Status Rises to 89% in Q1
Gains fueled by 9% surge in asset returns during the quarter.
Norway Pension Fund Honcho Questions ESG Mandates
Yngve Slyngstad, who manages the money of the world’s largest sovereign wealth fund, thinks environmentally minded rules may hurt returns.
Ken Griffin Slams Socialism and Government Spending
Hedge fund chief, a GOP donor, points to Venezuela to prove case.