Risk
New Institute Challenges ESG-Minded Divestment Movement
Group decries push to dump fossil-fuel stocks, saying that will hurt returns.
News
Lack of Hedging Threatens Pensions Recent Improvements
Report says sponsors must be aware of three new kinds of risk.
Corporate Pension Contributions Total $62 Billion in 2017
The funded status of the 100 largest US defined benefit plans rises nearly 5% to 86%.
Newsmakers
Court Battle Begins over New Kentucky Pension Change
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Market Moves
NYC Pensions Seek Divestment Plan Guidance
Pension funds are looking for expert advice on how to extract fossil fuels from portfolios.
Manager Selection
New CIO for California’s Kern County to Start Monday
Fund’s investments had been managed by consultants since August.
Market Moves
China’s Fund Industry Forecast to Quintuple by 2025
UBS said it expects Chinese mutual fund assets to reach nearly $7.5 trillion.
Pension Reform Hurts Public Sector Competitiveness
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Regulation
Swarthmore Students Vote to End Ethical Investing Ban
Referendum calls for social objectives to be factored into investment decisions.
Four Pension Funds Apply for Benefits Reductions
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.
Washington’s Home State Investments up 29.5%
Private equity saw the biggest drop, 9.6%.
Denmark’s PKA Splits Up Alternative Investment Facility
Responsibilities will be divided between two newly created independent companies.
Risk
Judge Cuts Mississippi Hospital Pension by 25%
Special fiduciary warned the fund would be depleted by 2025 without action.
Regulation
Hedge Fund Trillium Rallies Shareowners to Vote for Creation of Facebook Oversight Board
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’
Risk
Bentley Workers Mull Strike over Pension Closure
Union warns a strike is likely if the company shutters the defined benefit plan.