NYC Pensions Seek Divestment Plan Guidance
Pension funds are looking for expert advice on how to extract fossil fuels from portfolios.
News
New CIO for California’s Kern County to Start Monday
Fund’s investments had been managed by consultants since August.
China’s Fund Industry Forecast to Quintuple by 2025
UBS said it expects Chinese mutual fund assets to reach nearly $7.5 trillion.
Pension Reform Hurts Public Sector Competitiveness
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Swarthmore Students Vote to End Ethical Investing Ban
Referendum calls for social objectives to be factored into investment decisions.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.
Washington’s Home State Investments up 29.5%
Private equity saw the biggest drop, 9.6%.
Denmark’s PKA Splits Up Alternative Investment Facility
Responsibilities will be divided between two newly created independent companies.
Judge Cuts Mississippi Hospital Pension by 25%
Special fiduciary warned the fund would be depleted by 2025 without action.
Hedge Fund Trillium Rallies Shareowners to Vote for Creation of Facebook Oversight Board
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’
Bentley Workers Mull Strike over Pension Closure
Union warns a strike is likely if the company shutters the defined benefit plan.
Royal Bank of Scotland to Make $5 Billion in Pension Contributions
CFO calls decision an ‘an important milestone.’
Colorado House Amends Pension Bill
Four-plus hour debate leaves Democratic, Republican leaders equally dissatisfied with reform.
UK Corporate DB Plans’ Deficit Soars 60% in March
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
CalPERS Invests $1B in ESG Global Equity Portfolio
Another $260 million invested in synthetic equity portfolio.