Risk
New Jersey Making Big Push on ESG Investing
State pension system targets arms sales, using contractors instead of employees, and foreclosures on hurricane victims.
News
Labor Participation Is Up, so Fed Should Cool It, Economist Says
Natixis’ Joseph Lavorgna thinks better news on jobs means the Federal Reserve should end the rate hikes.
North Carolina Establishes Employee Benefit Trust Fund
New law looks to tackle state’s $50 billion in unfunded liabilities.
Dutch Pension Divests from Korean Firm over Deforestation
APB sells off €300,000 worth of shares in Posco Daewoo due to impact of palm oil plantations.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
Risk
World’s Largest Pension Fund Hits $1.4 Trillion
Japan’s Government Pension Investment Fund fails to beat its 2014 return record after fourth-quarter stock and treasury slump.
Corporate Moves
Acting CIO of South Korean Retirement Plan Leaves
Cho In-Sik departs amid search for permanent successor at No. 3 biggest public pension program.
Corporate Moves
University of Pittsburgh Names New CIO, Treasurer
Greg Schuler will oversee the nearly $4 billion endowment.
Newsmakers
CIO’s Ninth Annual Industry Innovation Awards: Nominations Open
Nominations for innovative and talented asset owners and managers/servicers open until August 4.
TPR Fines Trustees for Not Reporting Unpaid Contributions
Smart Pension failed to collect and invest nearly £900,000 in pension contributions.
FCA Looks to Protect Consumers’ Pensions
UK financial body launches consultation on proposed measures to help plan participants.
Newsmakers
NJ Gov. Shifts Police, Firefighter Pensions to Unions
Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.
New Tax Law Will Aid PE-Owned Companies, Study Says
PitchBook: Lower corporate tax rates and immediate write-offs will juice profits.
Manager Selection
Hedge Fund Tells Kentucky Pension to Take a Hike
Davidson Kempner Capital Management takes issue with state’s code of ethics.
Risk
Colorado Public Pension Returns 18.1% in 2017
Strong returns and new legislation help raise funded status to 61% from 58%.