Australian Superfund Executes Substantial Renewable Energy Investment
The Warradarge wind farm is a 180-megawatt greenfield development based in Western Australia.
News
Newsmakers
Bank of England Keeps Rates at 0.75%
Brexit impacts, CPI drops among central bank’s worries.
MainePERS CIO Deliberates Withdrawal of PE Commitments
Effort seeks to ‘rebalance’ portfolio.
Private Equity Boosts Wellcome’s 2018 Returns
The star asset class’ 20.2% gains raises Trust’s value to $38.4 billion.
Corporate Moves
UK Regulator TPR Names Charles Counsell Chief Executive
However, Work and Pensions Chair Frank Field expresses doubt about choice.
Newsmakers
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
Market Moves
Jerome Powell: Stock Market Poison
Under Federal Reserve chief, the S&P 500 has a history of selling off when the policymaking body meets.
Newsmakers
Kentucky Lawmakers Balk at Bid to Push Through Thwarted Pension Overhaul
House members say $43 billion funding problem can’t be resolved over a “five-day session.”
Regulation
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Newsmakers
Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Newsmakers
Kentucky Gov. Calls Special Legislative Session to Address Pension Crisis
State house introduces two pension reform bills during late-night meeting.
Newsmakers
NYC Comptroller Calls on CBS, Alphabet to End ‘Inequitable Practices’
Proposals demand end to nondisclosure agreements and noncompete clauses.
Alan Greenspan Sees Big Market Trouble Ahead
Though he has been wrong before. Remember ‘irrational exuberance’?
Corporate Moves
Lockheed Martin Gets a New CIO
After six months without one, Paul Colonna will replace departed Chris Li in January.
Future Fund’s PE Leaders Leave to Start Their Own Firm
Veterans Steve Byrom, David Simons, and Jasmina Osmanovic look to model venture after Hamilton Lane of ROC Partners.