NYC Pensions Negotiate Worker Safety Deals With Major Telecoms Companies
SBA Communications, American Tower, and Crown Castle have agreed to increase disclosures about tower site safety.
Pensions
Chicago Teachers’ Pension Fund Adds $2.1 Billion to Illinois Economy in 2023
Analysis finds that each dollar the $12.1 billion pension fund paid out in pension benefits generated $1.40 in economic activity in the state.
CalSTRS to Hold Second Round CIO Interviews at the End of April
The fund expects to have a candidate named by July.
Alecta Reports 5.9% Q1 Return After Losing Billions on Regional Banks
The Swedish pension fund saw its assets grow to $118.68 billion.
AIMCo Achieved 8% Balanced Fund Return in 2023
Equities and private debt boosted fund returns, while real estate lagged.
Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Shareholder Funding Dries Up for Thames Water; Regulator Blamed
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
CPP Investments Consolidates Wind Energy Investments
UK-based Reventus Power will consolidate the on and offshore investments of the pension fund.
Tech Stocks Fuel Chicago Police Pension’s 11.8% Return in 2023
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
NYC Pensions Reach Climate Disclosure Deal With JPMorgan Chase, Citigroup, RBC
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
Plan to Replace Mississippi PERS Board With Political Appointees Dies in Committee
A bill already passed by the Mississippi House would have replaced the current board, which public employees elect, amid controversy over increased pension fund contributions.
CalPERS, Stanford Engineering Create Fellowship for Training Institutional Investors
The program aims to foster a pipeline for investment talent.