US Corporate Pensions Will Likely Miss Return Assumptions
Investment performances miss mark for third time in 10 years.
News
CalPERS Investment Returns Are in Negative Territory
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
Newsmakers
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
Sam Stovall: Expect a Slowdown, Not a Recession
CFRA’s market guru sees nation avoiding both an ‘EPS recession’ and an economic one.
Asset Allocation
CalPERS Buys Small Stake in Marijuana Stocks
The giant pension fund dipped its toes in the bongwater in Q3, SEC filings show.
Newsmakers
CalPERS Would Be Forced to Divest from Private Prison Companies
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Newsmakers
Kentucky Supreme Court Strikes Down Pension Law
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
Corporate Moves
Chan Zuckerberg Institute Names Princeton’s David Lee CIO
Facebook founder’s philanthropic organization lures Lee from Princeton Endowment.
New Actuarial Assumptions Boost UK Pension Funded Levels
The PPF 7800 rose to 100.9% at the end of November.
Former Executives Fined $2.7 Million over ICO Scam Charges
AriseBank claimed to be the world’s first decentralized bank.
Washington State Makes New Private Market Commitments
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
MetLife Sued over Pension Calculations
Insurance firm is accused of improperly reducing retiree benefits.
UK Seeks Input on DB Superfund Consolidation Rules
Regulator will scrutinize all superfunds to identify potential risks.
Hard Brexit Could Raise UK Pension Deficit by £219 Billion
Report also says a ‘soft Brexit’ could reduce pension deficits and liabilities.
Newsmakers
In Crowd of more than 300, 105 Leading Asset Owners Celebrate Nominees during CIO Innovation Awards
Celebration of an extraordinary year draws large, vibrant group of CIOs and leading investors.