NYC Appoints Former White House Private Equity Expert as CIO
Alex Doñe will provide direct investment advice to the five New York City Retirement Systems.
News
Huge Investor Alliance Presses Global Acceleration of Paris Accords
The $32 trillion Investor Agenda is worried that nations are letting climate goals recede.
Chinese VC Investments Tops US for First Time
‘Red unicorns’ take in $56 billion in first half of 2018.
Despite Good Returns, Iowa Public Pension’s Unfunded Liability Likely to Grow Slightly
Lack of contributions are the problem for IPERS, critic says.
Dutch Metal Pensions Firm MN Losing Half its Board
Liesbeth Sinke is exiting the organization while Hendri den Boer transfers to its asset management unit.
Southern Water to Pay £50 Million More into Pension
UK regulator TPR forced company’s hand over dividend payout imbalance.
NYC Comptroller Crowns New Private Equity Chief for Investment Bureau
David Enriquez will handle city’s $12 billion PE portfolio, which spans its five pension systems.
BT Loses Court Appeal to Link Pension Increases to CPI
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
Ivy League Endowments Lag 60-40 Portfolio
None of the elite universities’ endowments beat a 60-40 portfolio over the past decade.
Ted Eliopoulos Joining Morgan Stanley
The former CalPERS CIO will oversee six investment team leaders and bolster the investment bank’s relationships with its asset owner clients.
California Supreme Court Hears Pension Reduction Case
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
Brazil’s Next President Wants Piecemeal Reforms for Pensions
Jair Bolsonaro wants age increases for retirement eligibility slowly integrated sector-by-sector.
If Pension Overturn Sticks, Kentucky GOP Plans to Pass a Reform Anyway
As the state Supreme Court mulls whether to reinstate the new Republican pension law, the party’s lawmakers look for a Plan B if they lose.
Bristol-Myers Squibb Closes US Retirement Plan
Pharmaceutical firm to transfer $3.8 billion in US pension liabilities to annuity.
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.