Newsmakers
CalPERS Makes ESG Changes
CalPERS officials hope ESG revisions will add alpha to the pension system’s $178.6 billion global equity portfolio.
News
Risk
NJ State Investment Council Takes a 1.41% Hit from Fall Stock Shock
Wednesday’s rally helped recover some broad US equity losses, acting director of investment says.
High Court to Review UK Women’s Pension Age Increase
Activist group BackTo60 clears first hurdle in bid to decrease eligibility date for benefits.
Newsmakers
Future Fund’s Founding CEO Passes Away
Paul Costello, an ESG pioneer, built two world-renowned sovereign wealth funds from scratch.
Newsmakers
Pension Funds Sue Hasbro for Allegedly Misleading Investors
Class action suit says toymaker CEO, CFO profited from ‘artificially inflated’ stock.
Corporate Moves
Harvard Endowment Poaches Columbia COO Sanjeev Daga
Daga is reunited with Harvard Management Co. CEO Narv Narvekar.
Newsmakers
Deutsche Bank Raided in Money-Laundering Scandal
Two unnamed suspects, clients funneled more than $350 million in unreported cash through shell companies in the British Virgin Islands.
CDPQ, Colombia to Launch Private Equity Infrastructure Fund
Platform will invest up to $1 billion in Colombian infrastructure projects and companies.
Newsmakers
San Francisco Pension System Commits More than $900 Million to Private Markets
The plan has committed more than $3 billion overall in 2018 to private markets as CIO William Coaker Jr. builds up the alternatives portfolio.
Newsmakers
New Mexico Teachers Pension Fund Calls for Belt-Tightening
Fund for state and municipal workers scrambles to find own bailout blueprint to patch up funding.
As G20 Summit Starts, International Poll Shows Low Confidence Levels Among Populations
Departing Merkel has highest confidence rating, with other major leaders lagging behind badly.
SEC Charges Firm Founder with Operating Unregistered Exchange
EtherDelta founder Zachary Coburn to pay nearly $400,000 in disgorgement and fines.
Fund Manager to Pay $12 Million over Dark Pool Deception Charges
ITG agrees to second multimillion-dollar settlement with SEC in three years.
Newsmakers
CEO of Danish Pension ATP Resigns After Pressure over Tax Scandal
Fund names CFO and COO Bo Foged as acting director.
Newsmakers
Kentucky AG Calls for Legalized Gambling to Fund Pensions
Andy Beshear says dedicated revenue source needed to save state retirement systems.