National Defined Contribution Group Announces New Leadership
CalSTRS Director of Retirement Readiness Sandy Blair joins as the organization’s new president.
News
Australian Regulator Loses Lawsuit Against Wealth Manager IOOF
Court rules APRA failed to prove firm broke pension laws.
Exclusive: MetLife’s Ellermeyer Shifts to Apollo Insurance Operation
Investment pro to help manage insurance assets at Leon Black’s shop, which got its start with a defunct insurer’s junk bonds.
Asset Allocation
Danish Pension Funds Sign $52 Billion Green Pledge
Progressive nation aims to be at the vanguard of sustainable investing.
News
Pension Funds, Insurers Commit to Carbon-Neutral Investments by 2050
Institutional investors with $2.4 trillion in assets aim for Paris agreement standards.
Charity Founders Settle Charges of Defrauding Terminally Ill Clients
SEC accuses two of exploiting dying patients and profiting from their deaths.
Asset Allocation
Cyber-insurance sees an uptick as businesses prepare for potential breaches
Experts believe the market is poised to boom.
If the Rich Think a Recession Is Coming …
UBS survey of family offices says a majority foresee an economic slump in 2020.
Risk
Ohio Public Pension Seeks Legislative Approval to Reduce COLAs
Cuts are expected to save pension an estimated $3.44 billion.
Mispricing Fees ‘Can Be Fatal’ for Asset Managers’ Business
Managers can lose millions by either overpricing or under-pricing fees.
Alternatives
Google Executes ‘The Largest Renewable Energy Purchase’ in Corporate History
Tech giant dishes out $2 billion to bring their renewable energy capacity to the equivalent of one million solar rooftops.
Texas Teachers’ Finalizes New Allocation. Shies Away From Equity Markets
'New strategic asset allocation opts for stability, resiliency and low volatility.'
Newsmakers
Breaking News: Chaudhari Leaves IBM for General Electric CIO Job
Noted financial helmsman, who improved Big Blue’s pension fully funded status, now tackles underfunded GE plans.
Regulation
MIT Endowment Returns 8.8% in 2019, Grows to $17.4 Billion
University addresses Epstein protests, launches internal review of donor relationships.
Hostplus and Club Super to Merge
Merger talks began in July, continuing industry consolidation trend among giant pensions Down Under.