New York State Comptroller Calls for Political Spending Disclosures
Thomas DiNapoli files shareholder proposals with nine companies held in the state pension fund’s $233.2 billion portfolio.
Pensions
Pension Spending Supported $1.3 Trillion in Economic Output During Pandemic
Report finds strong economic gains attributable to DB pension expenditures in 2020 despite COVID-19 outbreak.
How Allocators Can Boost Their Woeful Diversity
Milken Institute study spells out methods to enhance DEI in the finance industry.
Despite Steep Losses, Canadian DB Plans End Year Fully Funded
Surging bond yields offset double-digit investment losses to push funded levels above 100%.
Corporate Pension Sponsors’ Use of OCIO Services Is Growing, While Interest in Risk Assets Wanes, Research Finds
Vanguard’s 2022 pension sponsor survey explores how the global pandemic, market volatility and rising inflation influenced pension decision-making.
Pennsylvania PSERS Names New CIO, Tapping UAW Investment Official
Benjamin Cotton fills the position has been vacant for a year amid probes and controversies.
New York City Retirement Systems Emphasized Sustainable Stakeholder Value in 2022
Comptroller Brad Lander prioritized DEI reporting standards and combated legal opportunistic insider trading at portfolio companies.
Former Kentucky Pension CIO Charges He Was Fired for Uncovering Fraud
Steven Herbert says his employment was terminated after he discovered that a property company, allegedly, stole money from a retirement system unit.
Norway’s Pension Fund Global Excludes 3 Firms Over Human Rights Violations
The central bank says PTT Oil and a subsidiary, as well as surveillance software maker Cognyte, represent ‘unacceptable risks.’
Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman
The 100 largest public pensions’ aggregate funded level now totals 74.7%, as of the end of November, advancing from 71.6% the prior month.
US Workers Could See a Reduction in Promised Social Security Benefits by 2034
CBO forecasts 23% Social Security shortfall if no tax increases, benefit cuts or some combination are made before then.
Barclays’ UK Retirement Fund Closes $8.1 Billion Longevity Risk Deal
The pension fund aims to hedge against any unexpected rise in life expectancies.
Stagflation Fears Have Pensions, Sovereign Wealth Funds Eyeing Alts
Facing an economic slowdown and higher inflation, institutional investors are turning to real estate, infrastructure.
WTW Backs Hibernation, OCIO, ESG and Diversification in Recommendations for 2023
Report outlines seven moves pension funds should be making in an uncertain economic climate.
UK Corporate Pension Funds Stabilize in Bond Meltdown Aftermath
Meanwhile, in the US, corporate pension funding levels declined in November.