Ray Dalio, Mike Bloomberg Partner for Ocean Exploration
The two billionaires will strengthen OceanX’s research, sustainability projects for a cool $185 million.
News
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.
Aging Populations Continue to Burden World Economies
Report finds policymakers struggling to balance retirement adequacy with economic sustainability.
Council of Institutional Investors, Ash Williams Tell NYSE, NASDAQ to Curb Multi-Share IPOs
The group wants newly listed companies to convert to one share-one vote structures after seven years on the exchanges.
CalSTRS Names New Corporate Governance Chief
Kirsty Jenkinson will join the $229 billion system in January.
UK Regulators Issue Joint Pensions Strategy
The FCA, TPR address fundamental changes in pensions sector.
Oregon Pension System Vulnerable to Attacks
Audit report finds ‘severe deficiencies’ in state pension’s disaster recovery system.
Britt Harris, Texas Endowment to Review Investments in ‘Scrutinized Entities’
Compliance procedures expanded to include companies at risk of being sanctioned by US.
Society of Actuaries Sees Pension Obligations Shrinking Slightly
The body’s annual mortality scale shows beneficiaries dying a bit earlier due to a hike in some leading causes of death.