Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
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TPR Bans ‘Reckless’ Pension Trustees over Risky, Exotic Investments
Trustees invested in eucalyptus farms, parking lots, and suspected scams.
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
University of California’s Pensions, Endowments Drive Asset Outperformance
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Canadian Pension Funds Post Negative Q3 Asset Returns
Funded ratio still rises as declining liabilities offset losses.
UK Firm Fined over £275,000 for Opting Workers Out of Pension
Workchain Ltd. handed largest fine for case brought by The Pensions Regulator.
Pension Reform High on Brazilian President-Elect’s To-Do List
Jair Bolsonaro aims to privatize the nation’s retirement system when he takes over in January.
Ray Dalio, Mike Bloomberg Partner for Ocean Exploration
The two billionaires will strengthen OceanX’s research, sustainability projects for a cool $185 million.
Harvard ‘Not Pleased’ with 2018 Performance
CEO Narv Narvekar says it will be a few years before restructuring results will be seen.
NYC Comptroller Wants 3 Major Indexes to Ban Saudi Stocks
Scott Stringer says city’s five pension funds want to shun the kingdom following Khashoggi murder.
Japan Investment Corp. Looks for Global PE Partnerships
State-backed firm’s CEO wants to end ‘prejudice’ against foreign private equity investors in the country.
SEC Settles with ‘Frack Master’ over Securities Fraud Charges
Christopher Faulkner is ordered to pay more than $25 million in disgorgement and fines.
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
NJ Investment Council Won’t Pull Its Nike Shares over Kaepernick Ad
Acting chair says the shoemaker’s shares have been strong, and the fund ‘decided to not take a position’ on controversial campaign due to the organization’s ESG policy.
New York Sues Exxon Mobil over Alleged Climate Change Disinformation
State AG accuses oil giant of ‘fraudulent scheme’ to deceive investors.