Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Pensions
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
UK Task Force Provides Recommendations to Boost Pensions’ Voting Powers
British pensions investing in pooled funds currently have no right to vote on issues such as climate change, diversity, or pay.
Virginia Retirement System Pays Out $7.85 Million in Incentives to Investment Staff
The state pension fund credits an actively managed portfolio for this fiscal year’s 27.5% investment return.
State Pensions Reach Highest Funded Level in 13 Years
US public employee pension plans are projected to be more than 80% funded on average.
NYC Comptroller: Police Withdrawal of Pension Group ‘Defies Logic’
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.
Ohio Teachers Pension Fund Rejects Forensic Audit Findings
Ohio STRS accuses the report author—who said the fund has ‘abandoned transparency’—of making ‘repeated baseless allegations implying wrongdoing.’
House Considers Auto-Enrollment Legislation
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
World’s Largest 300 Pension Funds’ AUM Surge 11.5% in 2020
The sovereign wealth funds of Japan and Norway remain the two biggest in the world.
US House Eyes Improving Small Employer Retirement Plans
Capitol Hill is haggling over the budget, aiming to expand small-business programs and create more opportunities for protected lifetime income solutions.
Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
No Plan Safe From ERISA Lawsuits, Chamber of Commerce Warns
The lobbying group also says a surge in litigation could have ‘significant negative consequences for plan participants.’
Chicago Teachers’ Names Interim Chief Investment Officer
The fund promotes from within, appointing Andrew K. Kelsen, the head of alternative investments, to the role.
CIO Exclusive: NY-Presbyterian’s CIO to Leave in September
William ‘Bill’ Lee is stepping down after five years in the role.
Union Files Legal Challenge Over OMERS’ Early Retirement Policy
The Canadian Union of Public Employees is also calling for a review of the pension fund’s investment decisions.