Newsmakers
CalSTRS Expected to Support Carbon Pricing
Plan will look at corporations’ policies on the issue as it examines their sustainability policies.
News
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
Regulation
SEC Charges Incarcerated Man for Reviving Broadway Ticket Scam
Joseph Meli was charged with a crime he is already serving time for in prison.
Asset Allocation
ABP Comes Closer to Reaching Sustainability Goals
How the biggest Dutch fund boosted its ESG investments in 2018.
People Moves Roundup
Willis Towers Watson creates a new role, FCA changes leadership, and more.
US Pension Funded Status Rises to 89% in Q1
Gains fueled by 9% surge in asset returns during the quarter.
Newsmakers
Norway Pension Fund Honcho Questions ESG Mandates
Yngve Slyngstad, who manages the money of the world’s largest sovereign wealth fund, thinks environmentally minded rules may hurt returns.
Market Moves
Ken Griffin Slams Socialism and Government Spending
Hedge fund chief, a GOP donor, points to Venezuela to prove case.
NY Pension’s Fossil Fuel Divestment Efforts Facing Stalwart Opposition
Opponents of the bill cite New York’s potential influence on the rest of the country.
Corporate Moves
Senate Confirms Gordon Hartogensis as Director of PBGC
Family trust trustee with Senate connections named 16th director of pensions lifeboat.
Kentucky Pension Lawsuit Alleging Hedge Fund Fraud Dismissed
Court rules plaintiffs couldn’t demonstrate how they had been damaged.
Newsmakers
South Dakota Gears Up Emergency Plan
Reduction in subsidies would be first remedy if system’s funded status drops below 100%.
Research
Majority of Rhode Island’s Locally Run Municipal Pensions Flunk Financial Test
State urges them to join consortium it administers and turn things around.
Newsmakers
Two Top Australian Supers to Merge
Equip and the Catholic Super mark nation’s third big merger in three months.
Avery Dennison Transfers $750 Million in Pension Obligations
Deal with AIG covers 8,500 members of plan terminated in July 2018.