Higher Education Endowments Underperform the Market
Study of more than 28,000 endowments says ‘wisdom’ of top universities is ‘a myth.’
News
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Canadian Pension Steps Up Gender Board Diversity Advocacy
CPPIB will use its voting power to increase presence of women on boards.
UK Private Sector Pensions to Pay More than £300 Billion by 2021
Record amount attributed to rapidly growing buy-in, buy-out market.
Danish Pension Excludes 14 Countries for Human Rights Violations
Denmark’s MP Pension said it will exclude from investments 14 countries that it accuses of systematically violating human rights. The move includes divesting DK400 million ($61 million) worth of...
Pennsylvania Pensions Could Save Nearly $10 Billion over 30 Years
Report says annual fees were greater than all employee contributions.
Texas ERS Terminates Decade-Old Relationship with Investment Consultant
ERS also brings a new infrastructure private equity consultant on board.
NY State Pension Reaches Agreements with Firms on Executive Pay
Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.
Investors May See More Risk, Less Return in 2019
Report forecasts economic expansion to continue, but also expects more volatility.
BNY Mellon to Pay More than $54 Million for “Pre-Released” ADRs
SEC says ‘improper practices’ allowed banks and brokerage firms to ‘profit handsomely.’
CalPERS Planned Private Equity Program Could Grow Quickly
Official says system could easily commit $10 billion in just five years via direct investment organization.
Three Managers Put Under Review By San Francisco Pension Plan
AQR, William Blair, and DFA all have seen their international equity strategies reduced by the San Francisco Employees’ Retirement System.
Moody’s Takes Dim View of Kentucky Due to Pension Reform Mess
Ratings agency doesn’t downgrade the state but puts it on ‘credit negative’ status, which could portend trouble ahead.
MassPRIM’s CIO Gets a Cool 5.3% Raise, Full Bonus
Michael Trotsky’s strong performance at the $71.8 billion pension fund bumps his annual pay to almost $500,000.
Australian Superfund Executes Substantial Renewable Energy Investment
The Warradarge wind farm is a 180-megawatt greenfield development based in Western Australia.