CDPQ Unveils Climate Strategy to Reach ‘Net Zero’ by 2050
The Canadian pension giant plans to completely exit oil production investments by the end of next year.
News
Cutting the Costs of Decarbonization
LCP says the answer to reaching net-zero ‘without breaking the bank’ is blowing in the wind power.
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
Asset Allocation
Get Ready for a Biotech M&A Comeback
RBC Capital, heartened by some billion-dollar-plus deals, sees a new buyout hunger in Big Pharma.
Vocal Critic Margaret Brown Is Knocked Off CalPERS Board
Things should be more peaceful once the 'watchdog' leaves, this coming January, but whether CalPERS will be better or worse remains to be seen.
Regulation
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Newsmakers
CIO Announces Innovation Award Finalists for Dec. 7 Celebration
It’s time to celebrate those who have survived, flourished, and led the way.
Newsmakers
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Pensions
Austin Pension Fund Seeks New CIO
The $3.4 billion City of Austin Employees’ Retirement System has launched a search to replace David Veal.
Asset Allocation
Why Are Bond Yields Climbing? Not Because of Inflation
The more likely impetus is the end of the Fed’s bond-buying spree, says Natixis’ Lavorgna.
A New Contortion for GDP Growth: A Z-Shaped Recovery
Forget the V and U trajectories of yore, LPL’s Gilbert says.
WHAT'S BUZZY
Virus Will Become ‘Manageable,’ Vaccine Chief Says
The co-founder of BioNTech believes COVID-19 will stick around, but not be such a threat.
Pensions
Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Wisconsin Adviser Charged With Defrauding Elderly, Ill Clients
The SEC alleges Michael Shillin betrayed more than 100 clients, with ‘devastating’ results
Asset Management Culture
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.