Risk
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.
News
Newsmakers
CalPERS CIO Meng Says Pension Plan Must Expand Private Equity
Ben Meng says it’s essential for the plan to build a new private equity organization to meet return projections.
Newsmakers
CalPERS Former No. 2 Investment Official Hires Employment Lawyer After Resigning
Elisabeth Bourqui hires lawyer who represents workers in their disputes with employers, including wrongful termination cases.
Newsmakers
Monetary Policy Keeping Dalio Up at Davos
The founder of the world’s largest hedge fund expresses concerns about interest rates at global annual summit.
How Long Do Retired Public Employees Live?
Actuarial study focuses on mortality rates for teachers, safety professionals, and general employees.
Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Newsmakers
New CalPERS CIO Orders Full Review of Investment Activities
Ben Meng wants to see how the largest US pension plan can use its advantages to maximize returns.
IMF, OECD Global Forecasts Increasingly Downbeat
Decline in growth expectations coincided with start of US-China trade war.
Newsmakers
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
Risk
UC Endowment Shifts Major Cash into Alts
The huge fund is targeting real estate, private equity, and hedge funds.
Buy-Side Firms Feeling Less Rah-Rah About Economic Growth
Sentiment survey finds positive sentiment drops to 48% from 67%.
Hackers Exploit SEC Test Filing Services to Trade Illegally
The SEC charges nine for trading on non-public information.
Newsmakers
PBGC to Assume Responsibility for Sears, Kmart Pension Benefits
Pensions lifeboat will provide benefits for 90,000 workers and retirees.
State Street Calls on Boards to Invest in Corporate Culture
Asset manager says culture issue is essential to long-term value creation.
People Moves Roundup
Barclays gets a new Canadian of Financial Institutions Head, Nuveen tops off its advisory services team, and more.