CalPERS CIO Leaves Friday, but Replacement Delayed
Ted Eliopoulos is leaving Friday, but new CIO Yu Ben Meng can’t start until January because of a non-compete agreement. Eric Baggesen will become interim CIO.
News
Bolsonaro Waffles on Pension Reform Passing in 2018
After a meeting with top economic advisor, Brazil’s President-elect says overhaul bill unlikely to pass before January inauguration.
Climate Change Risk a Threat to Scottish Pension Funds
Report says two of Scotland’s largest funds are not addressing climate change risks.
Public Pension Return Assumptions Fall to All-Time Low
Lowered projections could increase financial burden on state, local governments.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
Alaska Permanent Fund Increases 2.1% in First Fiscal 2019 Quarter
Private equity, infrastructure investments bring home the bacon while real estate takes a hit.
Pensions Account for 61% of Top 100 Asset Owners
Willis Towers Watson unit ranks the largest funds, with Japan’s Government Pension Investment Fund on top.
Five FTSE 100 Firms Pay More in Pension Contributions than Dividends
But most large companies still allocate far more to shareholder dividends.
Textron’s Van Vleet to Be Next CIO Podcast Guest
Textron CIO talks LDI, public vs. private pensions, and how to set up your retirement.
Dallas Pension Fund Sues Actuary for Malpractice
Police and firefighter pension alleges advisor failed to warn of deferred retirement risks.
Citibank to Pay $38.8 Million for Improper Handling of ADRs
SEC alleges bank profited from ‘industry-wide fraud.’
CPPIB Ekes Out Small Q2 Returns
Exchange rates leave a 0.6% performance, despite strong showing in Canadian-denominated returns.
Exclusive: California Supreme Court Sets Oral Arguments on Public Pension Rights
The hearing on Dec. 5 will help determine if public workers’ pensions can be reduced and could have national implications.
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Malaysia’s KWAP Gets a New Chief
Syed Hamadah Othman replaces Dato' Wan Kamaruzaman Wan Ahmad as the $33.9 billion outlet’s next CEO.