The university’s trustees have voted to divest from companies that take in more than 35% of their revenue from thermal coal production.
News Archive: Mar - 2017
Deal in effect through 2022, ends company’s longest collective bargaining dispute
New state law provides higher salary cap for the next director.
Proposed changes include raising absolute return 2% and consolidating real assets and real estate into one asset group.
New rules designed to prevent short-term excessive risk-taking, give shareholders input on director salaries.
“Research project” uses large data sets to make objective investment decisions.
The fund’s board has proposed a 29% decrease for all participants and beneficiaries.
For all three funds, the top-performing asset classes were emerging markets and equities.
19-year veteran had been serving as interim CIO since August.
Expert: March rate hike “already priced in by the market.”
For corporate pension plans singed by drop in discount rates, dips are partially countered by rising market returns.
Spec price drops, rebounds after SEC rejects first exchange-traded fund that tracks Bitcoin.
Companies look to reduce pension risk, as plans continue to be hurt by rock-bottom interest rates and weak performance by bonds.
35% expect the asset class to perform better than it did in 2016, 21% believe it will perform worse.
Reducing discount rates seen as painful in the short term, but set the stage for heftier employer contributions.