Newsmakers
San Francisco Employees’ Retirement System Becomes Major ESG Force
In the span of a year, the system has become one of the largest players among US pension systems.
News
Infrastructure M&A Deals Drop off in 2018
The majority were in renewable energy, and two were the largest deals in the space to date.
Corporate Moves
CalPERS No. 2 Investment Officer Resigns
In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.
Corporate Moves
World Bank President, Who Opposes Trump Climate Stance, Is Departing
Obama-nominated Jim Yong Kim had three more years left on his second term as group’s head, leaving an opening for Trump-appointed successor.
Regulation
Kentucky Lawmakers Return to Tackle Retirement System Mess
Pension reform, stymied in court, is on the top of the lawmakers’ agenda.
Newsmakers
PBGC Director Nominee Gets Kicked Back to Trump
Clock runs out on controversial nod for brother-in-law of Mitch McConnell, Elaine Chao.
Newsmakers
Florida Retirement System Audit Forecasts Diminishing Future Returns
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
Newsmakers
Largest Sovereign Wealth Fund Takes $3 Billion-Plus Hit on Apple Shares
The tech giant’s Q1 sales warning sends Norway’s Government Pension Fund Global’s near $10 billion investment for a loop.
CalPERS Discloses Names of Potential Candidates to Run New Private Equity Organizations
Two former Silver Lake officials could have a future at the CalPERS-backed investment organizations.
Fitch Ratings Focuses on ESG Standards with New Scoring System
Agency finds only 3% of corporate ratings have changed as a direct result of ESG considerations.
Pensions in Critical Status Fewest in Decade
The number of multiemployer pensions in critical status has fallen for the sixth straight year.
UK Corporate Pensions’ Deficit More than Doubles in December
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
Newsmakers
Brazil’s New President Eyes Privatizations for Pension Reform
Jair Bolsonaro predicts initial investments to be almost $2 billion.
Regulation
Nevada High Court Orders State Retirement System to Release Records
State Supreme Court denies Nevada PERS’s petition for a rehearing.
Asset Allocation
Alabama Retirement System Acquires Major US News Chain
News outlet CNHI is being spun off by Raycom Media, which is being bought.