Public, Church Pension Plans Face Similar Challenges
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
News
Risk
Australia Future Fund Logs a Stunning 11.5% Return
Sovereign wealth fund’s assets grew to A$162 billion, as it overcomes a ‘complex investment environment.’
Corporate Moves
Ontario Teachers’ COO Leaves to Spearhead United Nations Pension Fund
Rosemarie McClean has spent more than 33 years at the Canadian pension.
‘Big Short’ Seer Spies New Bubble: Index Funds
Result: Small-cap and value stocks end up neglected, Michael Burry says.
Newsmakers
Top CIO Finalists and Managers Announced for December 12 Innovation Awards Gala
Leading asset owner and manager nominees to headline Dec. 12 ceremony and investors forum.
Market Moves
S&P 500 Dividend Yield Surmounts the 30-Year Treasury
The last time that happened was during the financial crisis, Bespoke says.
Regulation
Pension Funds Sue Novo Nordisk for $1.75 Billion over Alleged Collusion
Lawsuit claims pharmaceutical firm engaged in insulin price fixing, and misled investors.
Risk
AP3 Returns 10.8% in First Half of 2019
Despite strong returns, $38.8 billion fund underperformed benchmark.
Research
Private Equity Powers Public Pension Portfolios
For the seventh straight year, private equity is the top performer for US public pensions.
Corporate Moves
Merging Australian Supers Get a New CIO
Anna Shelley to head merged Equip Super and Catholic Super following Equip chief’s resignation.
Regulation
Anheuser-Busch InBev Hit with Shareholder Class Action Suit
Suit alleges brewer made false and misleading statements about financial condition.
Risk
Ontario Teachers’ Returns 6.3% in First Half of 2019
C$201.4 billion fund boosts its fixed income holdings to counter global slowdown.
Private Capital Secondaries Expected to ‘Rebound Significantly’
Fundraising for first half of 2019 was only a fraction of last year’s record.
Corporate Moves
Dean Takahashi, Yale’s Robin to David Swenson’s Batman, Exiting Endowment
Legendary investor, thought to be chief’s successor, leaving after more than 30 years with the organization.
Newsmakers
CalSTRS Seeks to Join Lawsuit to Reform Facebook Governance
Pension fund says litigation will allow it to ‘protect Facebook’s profitability.’