Jana Partners Deep-Sixes Two Funds in Favor of Activism
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
News
Malinowski: ESG Policy Changes at BlackRock an Improvement
Seattle City Employees’ Retirement System removes the largest money manager from its watchlist.
Endowment Index Falls 9% in 2018
Recession fears, trade wars, rate hikes, and a strong dollar weigh down index.
How Big a Year Was 2018 for Shareholder Activists? Very
M&A was the largest motivator, as a record number of campaigns were launched.
The Secret of Smaller Endowments and Foundations’ Outperformance
Why their greater sensitivity to risk has served them well, a survey shows.
Dutch Pension Manager and Shell Eye Buying Energy Company
Recession fears, trade wars, rate hikes, and a strong dollar weigh down index.
Mexico to Double Pension Benefits, Reduce Retirement Age
President Obrador’s latest move seeks to continue mayoral mission.
CalPERS Gives $500 Million to New Private Equity Fund of Funds
GCM Grosvenor will oversee private equity emerging managers.
Fidelity International Small-Cap Strategy Terminated by SFERS
The investment made up 6.5% of the system’s approximate $3.5 billion small cap strategy.
New Kentucky Pension Group Forms to Try Bypassing Stalemate
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.
Seth Klarman Outfoxes Wildfires with Canny Insurance Bet on Utility
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.
Bill Proposes Creation of Pension Rehabilitation Administration
Proposed legislation aims to save critical and declining multiemployer pension plans.
California Pensions Convene Anti-Sexual Harassment Coalition
Group highlights financial risks sustained from misconduct in the workplace.
New York Appropriates $1.2 Billion in Direct and Indirect Investments
Institution continues strong focus on real estate and private equity, terminates global equity account.
New CalPERS Board Member Has Serious Concerns About Private Equity Plan
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.