CIO Innovation Awards: Nominations Open
Nominate your best asset owners and managers for this years 10th annual bash.
News
CalSTRS Stresses the ‘Importance of Acting Quickly’ to Maintain Funding Progress
Update on the pension’s 2014 funding plan illustrates the risks, rewards, and strategies to be aware of.
Alternatives
Four Nordic Pension Plans Commit $700 Million to Renewable Energy
Investments will mostly target Asia and Latin America but may dabble in other markets
Regulation
TPR Fines McDonald’s Franchisee Trustee for Breach of Pension Law
Fine of £104,000 largest ever handed out to trustee by UK regulator.
The SEC’s Newest Proposals Would Make Private Equity a Bit Easier on the Eyes
New rules would make the PE arena a lot more navigable, welcoming, and lucrative.
Market Moves
Housing May Be on the Rebound, or Not
New home sales pick up, but existing ones still lag.
Regulation
Arizona Public Safety Execs to Recoup Lost $170,000 in Bonuses
Money, to be awarded for 2013 performance, had been delayed due to controversy.
Asset Allocation
CPPIB, Piramal to Launch $600 Million Renewable Energy Trust
Canadian pension will contribute lion’s share and own up to 60% of venture.
US Corporate Pension Funding Level Rises to 91.4% in April
Improvement boosted by strong investment returns during the month.
Market Moves
Trade War May Bring Inflation, Fed’s Williams Warns
Expanded tariffs by both Washington and Beijing will affect ‘prices paid in stores,’ he says.
Asset Allocation
Michigan Endowment May Send More Capital to Seven Funds
Private equity, credit, and hedge fund strategies, recipients of extra investments earlier this year, may be in line for more still.
Corporate Moves
After a Two-Year Search, CalPERS Finally Hires Private Equity Head
Greg Ruiz, who has family ties to the fund, will take over from interim Sarah Corr.
Asset Allocation
CDPQ and Lightsource BP Beam Capital into Solar Power Projects
The $173 million in debt financing is part of the Canada fund’s greener, low-carbon investment mission.
Regulation
US to Return $196 Million Stolen from Malaysian State Fund
Recovery just a small portion of the $4.5 billion siphoned from 1MDB investment fund.
Market Moves
Trade War Could Shove US into a Recession, Morgan Stanley Says
Escalating conflict may slice corporate earnings and lower employment, firm warns.