Corporate Moves
HSBC’s UK Pension Chief Joining London CIV
Mark Thompson will lead the local authority pension pool after eight years of running the bank’s DB and DC plans.
News
Economic Expansion Sets Twin Records for Length—and Weakness
US GDP has been growing for 121 months in July, but the growth rate is a mere 2.3%.
Giant Investment Coalition Call for Climate Action From G20 Leaders
Alliance of pension and other institutional investors, managing $34 trillion, is worried about “ambition gap” in meeting Paris Agreement’s goals.
Risk
Pennsylvania SERS Loses 4.6% in 2018
Funded ratio falls to 56% as portfolio has worst calendar year in a decade.
Sun Life Launches $160 Billion Asset Manager
SLC Management combines firm’s fixed-income institutional asset management units.
Market Moves
Chuck Schwab Mulls Company’s Leaving Costly San Francisco
Financial giant’s founder, apparently not serious, joins locals in kvetching about city’s high prices.
Corporate Moves
Cbus Promotes Former NextGen, 40 Under Forty Star Brett Chatfield
New deputy CIO at the Australian superannuation fund has been its head of public markets.
Newsmakers
Help Wanted: Investment Pro for NYC’s Real Estate Holdings
The city’s five public pension funds have a property portfolio worth $18 billion.
FCA Says Too Many Advisers Giving Bad Pension Advice
More than twice as many members were counseled to transfer out of their DB plans than told to stay put.
Corporate Moves
Sweden’s AP6 Gets a New Managing Director
Katarina Staaf to head the private equity-centric pension fund in September.
Asset Allocation
Illinois SURS Gears Up for Unique Crisis-Prevention Allocation
Report reviews primary risks and potential gains with lofty 20% allotment.
Risk
Global Equities Crushed Colorado PERA in 2018
Poor returns were expected, but it sets new funding legislation in motion next week.
Newsmakers
Nominate the Best Asset Owners and Managers for the 2019 CIO Innovation Awards
Nominate your best asset owners and managers for this year's 10th annual bash.
Myth-Busting ESG Investing Concerns: It’s Not Just for the Tree Huggers
Reports go head-to-head with popular disconcerting claims regarding ESG-focused investments.
Danish Pension Dumps Vale After Intervention Fails
MP Pension adds Vale to exclusion list after engagement talks prove fruitless.