US Market Surges While Others Flag? Not for Long, Says JP Morgan
Bank’s strategist says ‘sugar high’ of American tax cuts will peter out, hurting domestic stocks.
News
CalPERS Rejects Pay Packages for 43% of US Companies
Plan launches second initiative aimed to increase independent board members at Japanese companies.
PFZW Chair Quits After 18 Months
Carla Moonen realized her skills would add more value in an environment ‘where change can go faster.’
Australian Superfund Seeks Zero Emissions for Real Estate
Cbus sets goal to eliminate emissions from its A$5 billion property portfolio by 2030.
Pension Protection Fund Founder to Become Clara’s First Chair
Lawrence Churchill will act in a ‘non-executive capacity’ for the start-up DB consolidator.
Cambridge University CIO, Senior Staff Resign
Departure reportedly linked to criticism over endowment’s fossil fuel investments.
NYC Pension Funds to Double Green Investments
The three-year plan will see the five-fund retirement system’s climate-related holdings go to $4 billion.
Institutional Investors Attack Climate Change by Responsible Investing
Representatives of pension plans and asset managers describe effort to Invest in ESG strategies at annual Principles of Responsible Investing conference.
CBO Finds Butch Lewis Act Costs Much Less than Expected
Pension reform is expected to cost $34 billion, not $100 billion as suggested in preliminary forecast.
Harvard Farmland Acquisitions Criticized as Unethical
Report says endowment’s $1 billion global land grab has displaced communities and hurt the environment.
Trade War Could Slam US Stocks with Losses Up to 20%, Tepper Says
Appaloosa chief warns that further tariffs in US-China clash could crimp the heady market.
Legal & General, British Airways Cut Largest UK Bulk Annuity Deal
The financial services company will take over $5.7 billion of the airline’s pension liabilities.
Advisors Increasingly Turn to External Asset Managers
Survey finds growing number of financial advisors need outside help.
Gore Calls on Institutional Investors to Adopt ESG Focus
At PRI annual conference, the former US vice president says ESG investing is needed to combat climate change.
Kentucky Supreme Court Pension Hearing to Air on State Television
In the second televised high-court case, opponents A.G. Beshear and Gov. Bevin will testify.