Newsmakers
Yale Blocks Future Gun Investments
Endowment confirms adoption of new firearm policy, introduced in the spring.
News
Exclusive: An Inside Look at CalPERS’s New Direct Private Equity Organization
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
Uh-Oh, Stock Buybacks Exceed Capital Spending in 2018
This further fuels the debate over whether corporate America favors investors now or its long-term future.
Corporate Moves
Australian Fund Head Moves to Mercer
Campbell McCulloch is the first of three new executives who will fill the void left by longtime deputy CIO Phil Graham.
We’re in the Longest Bull Market in History, or Are We?
While Wall Street proclaimed a new record on Wednesday, another view holds that the celebration must wait until 2021.
Risk
Ontario Teachers’ Nets a 3.2% Return in 2018’s First Half
Public, private equity and inflation-linked assets bolster the Canadian pension plan.
Risk
Cincinnati Retirement System Hits Its 7.9% Fiscal Target
But gains are down from previous year’s 14.6%. Domestic stocks, private equity did the best.
Risk
Swedish Pension Fund AP2 Returns 2.9% in H1
Total asset value rises to $38.85 billion at the end of June.
How Many Fed Interest Rate Increases Will We Get, Anyway?
The conventional projection is for six more, though some want it to stop at three.
Texas ERS, PAAMCO Launchpad to Hold Fall Emerging Manager Hedge Fund Event
Summit will help institutions vet talent for the new seeding platform.
Risk
Norway’s Norges Bank Reports First Inflows Since 2015
Oil-based equities help grow the world’s largest sovereign wealth fund by $19 billion in the second quarter.
Global Life Expectancy Improvements Slow Down
US had greatest slowing in life expectancy at birth for males from 2011 to 2016.
Union Urges Divestment from Immigrant Detention
Report names asset managers profiting from private prisons.
Newsmakers
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.
Surprise: Corporate Pension Funds Will Need to Pony Up More Money
Benefitting from the corporate tax cut, and well-funded now, private-sector plans may have a rude awakening, consultants say.