Andy Banks, head of corporate governance at Legal & General
Investment Management (LGIM), says the UK's Stewardship Code has given
shareholders the essential ability to consult with each other when
issues arise at companies in which they invest.
A US Census Bureau report shows holdings of the 100 largest US public-employee retirement systems rose 6.8% for the 12 months through June, the first fiscal-year gain since 2007.
Figures released by the Pension Protection Fund show the funding shortfall faced by the UK's defined benefit pension schemes more than halved in September.
The National Pension Service, the fourth-largest pension in the world, has partnered with US private equity firm Kohlberg Kravis Roberts & Co. to acquire oil giant Chevron’s 23.4% stake in Colonial Oil Pipeline Company.
The law firm has agreed to a five-year ban from appearing before all New York public pension funds and will comply with the attorney general’s reform code of conduct.
The Government Pension Investment Fund (GPIF), which holds about $1.4 trillion in assets, will pick both active and passive managers to invest in emerging markets for the first time.
Amid criticism of CalPERS' poor returns and conflict-of-interest questions, the biggest US public pension said it is severing its 21-year relationship with Pacific Corporate Group as it revamps its private-equity program.
The latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans, shows funded status increased by $67 billion during September.
Governments in at least nine frontier markets -- in countries in Africa, the Middle East and Asia -- are scoping out the possibility of setting up sovereign wealth funds.
The board of the California State Teachers Retirement System has decided to lower its proposed commodities investment from a reported $2.5 billion to $250 million or less.
In response to a call by Britain's former City minister Lord Myners for major shareholders to look to the longer term, a leading fund manager condemned Twitter for contributing to a society keen on instant results without regard to what will happen years into the future.
In a bid to increase returns, the $471 billion fund has intended to broaden its investments to include infrastructure projects and private equity investments.
