Newsmakers
NYC Comptroller Wants 3 Major Indexes to Ban Saudi Stocks
Scott Stringer says city’s five pension funds want to shun the kingdom following Khashoggi murder.
News
Asset Management Culture
Japan Investment Corp. Looks for Global PE Partnerships
State-backed firm’s CEO wants to end ‘prejudice’ against foreign private equity investors in the country.
SEC Settles with ‘Frack Master’ over Securities Fraud Charges
Christopher Faulkner is ordered to pay more than $25 million in disgorgement and fines.
Newsmakers
Canada Pension Plan Focuses on Board Gender Composition
Pension says companies with diverse boards perform better financially.
Risk
NJ Investment Council Won’t Pull Its Nike Shares over Kaepernick Ad
Acting chair says the shoemaker’s shares have been strong, and the fund ‘decided to not take a position’ on controversial campaign due to the organization’s ESG policy.
Newsmakers
New York Sues Exxon Mobil over Alleged Climate Change Disinformation
State AG accuses oil giant of ‘fraudulent scheme’ to deceive investors.
Research
Aging Populations Continue to Burden World Economies
Report finds policymakers struggling to balance retirement adequacy with economic sustainability.
Council of Institutional Investors, Ash Williams Tell NYSE, NASDAQ to Curb Multi-Share IPOs
The group wants newly listed companies to convert to one share-one vote structures after seven years on the exchanges.
Corporate Moves
CalSTRS Names New Corporate Governance Chief
Kirsty Jenkinson will join the $229 billion system in January.
UK Regulators Issue Joint Pensions Strategy
The FCA, TPR address fundamental changes in pensions sector.
Oregon Pension System Vulnerable to Attacks
Audit report finds ‘severe deficiencies’ in state pension’s disaster recovery system.
Newsmakers
Britt Harris, Texas Endowment to Review Investments in ‘Scrutinized Entities’
Compliance procedures expanded to include companies at risk of being sanctioned by US.
Society of Actuaries Sees Pension Obligations Shrinking Slightly
The body’s annual mortality scale shows beneficiaries dying a bit earlier due to a hike in some leading causes of death.
Public Pension Gap Widening Between Top and Bottom Funds
The best third is 90% funded, and the worst third is at 55% and falling, a new study says.
Prudential Closes $3.2 Billion in New UK Longevity Reinsurance Deals
Firm says market for pension de-risking is expanding at its fastest pace in years.