NYC Retirement System Plans ‘Most Comprehensive’ Divestment Study on Fossil Fuels
CIO Scott Evans says divestment could create a significant tracking error.
Shop Talk
Alaska Permanent Bets on Emerging Markets
Fund will be institutional only for a year, then a share class of the fund will be listed on the NYSE and ADX.
CalPERS’s Deep Dive into ESG Allocations Shows Mixed Results
While governance yields financial results, data still debated on sustainability and social investing. One of the world’s leaders in activist investing is getting validation that it sees better investment...
HIERS’ Risk Officer Steps Up as New CIO Search Begins
Late last month, Vijoy Chattergy, the CIO of Hawaii’s Employees’ Retirement System (HIERS), unexpectedly parted ways from the plan. Shortly after, the $16.9 billion fund appointed its Risk Investment...
CalPERS to Increase Engagement with Funds to Improve Governance Practices
Report indicates plan to engage with up to 100 funds over the adoption of a majority vote standard for corporate board members, CEO compensation.
Oregon Backs Off from VC Funds
Although venture capital funds make up 10.5% of portfolio, no new commitments were made in 2017.
Oregon Still Struggling with PE
Plan’s private equity portfolio makes up around 20% of the $77.1 billion retirement system’s overall portfolio.
Hedge Funds Back on the Winning Track
Once buffeted by investor redemptions, they see a surge in assets amid nice returns.
West Coast Pensions Commit $1 Billion to PE
WISB, Oregon Investment Council, and SFERS make strong showing in private equity and private market commitments in February.
CalSTRS Grows Diversity for PE Funds
Commits $500 million to two fund of funds for women-, minority-owned money managers.
CT Treasurer, Governor at Odds on Breaking Bond Covenant
The Teachers' Retirement System Viability Commission explores options.
Learning from the Swiss
Following the Pension 2020 rejection, Swiss citizens are still grappling with pension reform—as well as a resulting tax reduction. Had the September overhaul been accepted, Pension 2020 would have...
DIY Annuities Are Here
Over the past five years, plan sponsors have started to look for greater customization in LDI strategies. Private debt could be an option for plans that still have funding...
Timing Your LDI
Institutional investors who may be worried about writing bigger checks than they expected for their pension contributions may want to start thinking about liability-driven investing (LDI) now, before any...