Risk
Notre Dame Returns 12.2% in Fiscal 2018
The $13 billion endowment pool has demolished the 20-year benchmark.
News
Shiller Doubts Booming Earnings, Now Propelling the Market, Will Last
Yale professor sees stocks as way overvalued and thinks investors are fooling themselves about continued increases.
Poultry Pain: NY Comptroller DiNapoli Warns McDonald’s Over Chicken Care
The fast food giant must improve its treatment of chickens, or the state pension fund will sell its $300 million in Golden Arches shares.
MP Pension Head Wants Danske Bank CEO Gone ASAP
Jens Munch Holst says resigning exec Borgen should not remain at bank until a new chief is found due to money-laundering scandal.
ESG Strategy Varies by Region, Disclosure Still Needs Progress
HSBC report also finds ESG investing more common in Europe than Asia.
CalPERS Names Meng New CIO
Start date has not yet been determined.
CalPERS Gets a D for Fixed Income Management, But B For Overall Program
Consultant Wilshire Associates also gives overall CalPERS leadership a C grade.
Newsmakers
Two Biggest Pennsylvania Public Pension Funds Underreported $3.8 Billion in PE Fees, Oxford Professor Says
State treasurer and lawmaker demand more transparency from debt-laden PSERS and SERS plans.
Asset Management Culture
Harvard Sells $950 Million in Warehouses to Blackstone
PE group targets portfolio’s last-mile properties as e-commerce businesses boom.
Asian Private Equity Funds Make Up 25% of Global Assets
Total assets under management hit $722 billion, with $246 billion in dry powder.
Newsmakers
Supreme Court Hears Kentucky Pension Arguments
Justices grill governor’s top attorney over the legality of complex bill’s passing.
Corporate Moves
Royal Mail Pension Taps Stand-In as New CEO
Richard Law-Deeks’ strong leadership during his acting-chief period led to his promotion.
Bill Seeks to Bolster Women’s Retirement Savings
Legislation addresses financial disadvantages that disproportionately affect women.
California, Texas, Virginia Endowments Report 2018 Returns
Texas, Virginia returns top 11%; California lags with 8.9%.
European Court Rules UK Pension Compensation Cap Unlawful
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.