Risk
Norway Pension Fund Removes Petrobras from Watch List
Norges Bank says Brazilian oil firm’s US settlement reduces corruption risk.
News
Manager Selection
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Asset Allocation
Major Institutional Investors Say Zuckerberg’s ‘Totalitarian Grip’ on Facebook Must End
Group calls for Facebook to divulge the concentrated power that chairman and CEO holds.
Risk
A Warren Win Wouldn’t Necessarily Bring a Bear Market, Says Bernstein
Similar downbeat predictions about Obama and Trump came to naught, strategists point out.
Market Moves
Japanese Pension Giant GPIF Suspends Stock Lending for Short Selling
World’s largest retirement fund says practice is ‘inconsistent’ with stewardship duties.
Asset Allocation
ESG Disclosure Lags Behind Investment in Asia Pacific
CFA says much work remains to be done to raise quality of ESG information.
Market Moves
A Nice November Portends a Great Market 2019 Finish, Says Stovall
Contrast the current situation with year-end 2018’s lousy showing.
Regulation
Washington State Investment Board Advances Lawsuit Against Brazilian Company
Court gives green light to WSIB for its bribery case against Brazilian construction company Odebrecht.
Risk
European Firms Increasingly Pessimistic, Climate Investment Stagnates
EU manufacturers plan to reduce investment for first time in four years.
Regulation
Senators Rebuke Federal Pension’s Criticisms of China Investment Ban
Sponsors of the bill says the pension board must either be ‘unaware’ or ‘purposefully misleading.’
Asset Management Culture
Corporations Are Agreeing More to CalPERS Diversity Demands
More than 50% of the companies engaged by the largest US pension plan are agreeing to add women and minorities to their board.
Risk
No Good News Ahead for Oil Prices or Stocks
Despite probably new OPEC production cuts, US fracking will tarnish black gold.
Asset Allocation
Canadian Pensions Acquire Stake in Mexican Construction Firm
CPPIB continues to plow money into infrastructure investments.
Market Moves
NYSE Proposes New Method for Companies to Raise Capital When Going Public
Direct listing would allow companies to sell shares in opening auction on first day on exchange.
Regulation
Investment Advisor’s Registration Revoked over Alleged Fraud
SEC says International Investment Group sold at least $60 million in fake loan assets.