CalSTRS Funding Report Offers Hope for the Future
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
News Archive: Dec - 2018
Lawmakers Introduce Bill to Exempt Cryptocurrencies from Securities Laws
Proposed legislation aims to provide light-touch regulatory guidance for digital tokens.
SEC Charges Audit Firm in Failure to Detect Unpaid Taxes
Crowe LLC let $100 million in unpaid taxes slip under its radar, SEC alleges.
CalPERS Restructures Infrastructure Guidelines
Pension officials hope more flexibility to invest in international infrastructure projects in developed countries will give the program more diversification and help results.
Asset Allocation
Dallas Pension Tackles Emerging Markets Debt
Consultant implores Dallas to fulfill new 4% target.
Research
Higher Education Endowments Underperform the Market
Study of more than 28,000 endowments says ‘wisdom’ of top universities is ‘a myth.’
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Canadian Pension Steps Up Gender Board Diversity Advocacy
CPPIB will use its voting power to increase presence of women on boards.
UK Private Sector Pensions to Pay More than £300 Billion by 2021
Record amount attributed to rapidly growing buy-in, buy-out market.
Danish Pension Excludes 14 Countries for Human Rights Violations
Denmark’s MP Pension said it will exclude from investments 14 countries that it accuses of systematically violating human rights. The move includes divesting DK400 million ($61 million) worth of...
Research
Pennsylvania Pensions Could Save Nearly $10 Billion over 30 Years
Report says annual fees were greater than all employee contributions.
Newsmakers
Texas ERS Terminates Decade-Old Relationship with Investment Consultant
ERS also brings a new infrastructure private equity consultant on board.
Newsmakers
NY State Pension Reaches Agreements with Firms on Executive Pay
Microsoft, CVS, Macy’s, TJX, and Salesforce agree to revisit pay policies.
Investors May See More Risk, Less Return in 2019
Report forecasts economic expansion to continue, but also expects more volatility.
BNY Mellon to Pay More than $54 Million for “Pre-Released” ADRs
SEC says ‘improper practices’ allowed banks and brokerage firms to ‘profit handsomely.’