FTSE350 Pension Deficits Fall 32% in May
Liabilities decline, assets rise to help shrink gap by £16 billion.
News
US-China Tiff Based on Outmoded Notions of Trade, BlackRock Says
Ignoring today’s more integrated world economy means fighting “yesterday’s war,” asset manager finds.
Ontario Teachers’ Gets a New CIO
New investment head Ziad Hindo aims to boost international investing, along with a newly named global development director.
Lockheed Martin’s Pension Head Steps Down
Christopher Li abruptly retires after a 12-year run without a successor named.
Malaysian Asset Manager Launches Private Equity Unit
New business unit has been two years in the making.
Texas ERS, PAAMCO to Seed Emerging Hedge Funds
The joint venture, called PAAMCO Launchpad, aims to pump in $3 billion.
Trade War Could Trim Economic Growth, Study Says
It also risks pushing the US and the world into a recession, BofA Merrill warns.
CalPERS Boosts Pay for Next CIO, CFO
Retirement system hasn’t been attracting enough top talent with current pay package.
CFOs Are Optimistic about the Near-Term Future, Survey Says
In Deloitte poll, some 58% say now is a good time to take risks.
UK Initiates Social Impact Investment Drive
Initiative aims to make ESG investing ‘business as usual.’
CalSTRS Names Scott Chan Deputy CIO
The $224.9 billion fund poaches a top talent from the University of California Regents.
Unlisted Natural Resources Growing
Since 2015, the ESG-based asset class, which invests in the likes of farming and timber, has been delivering stronger returns.
Scottish Widows Calls for Removal of Auto Enrollment Minimum
Insurance firm says £10,000 threshold ‘an unfair barrier’ for low-paid workers.
Kentucky Judge Deems Governor’s Pension Law Unconstitutional
Ruling favors attorney general’s objection over how it was passed.