Exclusive: Los Angeles’ CIO Preps for Potential $1 Billion Real Estate Sell-Off
Being 2% overweight to real estate means it’s time to trim the hedgings.
News
Activists Unimpressed with Bed Bath & Beyond’s Revamp
Despite going along with a trio of activist investors’ suggestions, the company still receives the group’s criticism.
A US-China Pact Would Boost Commodities, Citi Says
Recovery in raw materials should persist if an expected end to the trade tiff comes.
Harvard Activists Call for Fossil Fuel Divestment
Students, faculty, and alumni mark Earth Day by kicking off ‘Heat Week.’
Kentucky Left to Try, Try Again on Pension Overhaul
State senator, the running mate of GOP Gov. Bevin, vows to come up with an alternative to bill Bevin vetoed.
US Corporate Pension Funding Ratio Rises to 87.1% in 2018
Funded levels increase despite worst asset performance in a decade.
Illinois Group Wants Municipal Pension Consolidations
The 650-plus downstate public funds could merge to lighten retirement funding burden.
China’s State Pension Could Run Out of Funds by 2035
Aging population, dwindling workforce puts strain on national retirement system.
Brazilian Parliament’s Decision on Pension Reform Delayed
Lawmakers unable to agree on Bolsonaro’s pension reform proposals.
Houston Pension Sues Conagra over Pinnacle Acquisition
Complaint says investors were misled over benefits of $10.9 billion merger.
People Moves Roundup
Hamilton Lane boosts its North American footprint, State Street’s international business grows, and more.
CalPERS Puts ‘Laser-Like Focus’ on ESG, Board Diversity, and Executive Pay
Says actions from Climate Action 100+ initiative are starting to bear fruit.
New Alaska Permanent Fund Chief to Head CIO Podcast
Marcus Frampton to discuss co-investment strategies, CIO challenges.
Washington State Investment Board Commits More than $2 Billion to Private Equity
The latest commitments are part of efforts by the system’s investment staff to maintain a large percentage of plan assets in private markets.
GDP Forecasts for 2nd Quarter Show Deceleration
But latest estimates indicate slight improvement from previous calls.