Regulation

Investors Demand Climate-Change Risk Transparency

 

A group of investors that includes CalPERS, CalSTRS, bcIMC, and others has petitioned the SEC in hopes of requiring companies to disclose balance-sheet risk relating to climate change.

CalPERS’ Board Votes To Restrict Placement Agents

 

Following a national trend and hoping to align itself with new state laws, pension giant CalPERS has increased disclosure requirements for investment managers that utilize placement agents.

Eyeing His Next Target, Cuomo Goes after Sole Trustees

 

Moving his gaze from placement agents to the men and women who can exert uninhibited control over state pension systems, New York Attorney General Andrew Cuomo moves to curtail the power of sole trustees.