CPPIB Announces First Indonesian Infrastructure Investment
Fund to buy a 45% stake in one of the Asian nation’s top toll roads.
News
Newsmakers
Banks’ Pledge to Fight Climate Change Isn’t Universally Lauded
Environmental groups criticize pact as a P.R. stunt that masks their un-green activities.
Risk
Organizations Relying on Ethical Hackers to Improve Security Postures
‘Bug bounties’ offered by major technology companies to help find vulnerabilities.
Court Says Pension Withdrawal Liability Can’t Be Decelerated
Ruling likely to make trustees shy away from payment plans for defaulted employers.
CalPERS Picks Local Real Estate Manager
New developer announced a week after the fund terminated the previous developer’s contract.
Newsmakers
William Priest, Noted Wall Street Savant, Steps Down as Head of Epoch
The longtime commentator on markets and economics will stay on to oversee investment strategy.
Risk
Texas Teachers System Returns 6.4%, Misses Benchmark
Global equities spur 3.2% return for second quarter.
Newsmakers
600-Plus Companies Adopt NYC Pensions’ ‘Proxy Access’ Agenda
Comptroller Stringer’s push for major shareholders to change board structure, climate change views, is paying off.
Risk
China Investment Corp. Sees Flat Results
Rough year brought on by wild global swings and higher volatility, says CEO.
Newsmakers
Hackers Steal $4.2 Million from Oklahoma Police Pension
FBI launches investigation into cyberattack; pension claims it’s ‘certain the stolen funds will be recovered.’
People Moves Roundup
GoldenTree gets boots on the ground in Japan, Vantage hires former Whirlpool head, and more.
Market Moves
What Recession? Forecasts See Only a Slowdown
Establishment outlooks find US will avoid an actual economic contraction up ahead.
Asset Allocation
Washington State Investment Board Commits Up to $1 Billion to Private Markets
Private markets now make up around 40% of the pension plan’s assets under management.
Risk
California Pensions Could Be Mandated to Divest from Turkish Assets over WWI Atrocities
Legislation condemning Turkey for its failure to recognize the Armenian Genocide would result in California divestments.
FCA Says No Deal Brexit Impact ‘Less Severe’
Regulator credits ongoing preparations for mitigating Brexit risks to UK businesses.