Risk
NYC Pension System to Divest $5 Billion from Fossil Fuels
Seeking climate change-related damages, city files lawsuit against five major oil companies.
News
Asset Management Culture
Ray Dalio: We Now Have Trials by Gossip
Bridgewater founder writes obscure post about the perils of gossip.
Asset Allocation
Britt Harris, UTIMCO Nab Harvard’s Head of PE
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
CalSTRS Releases Statement on Letter to Apple
Letter calls for tech giant to offer parents more tools to curb children’s “screen” behavior.
Kentucky Pension Reform Bill Could Be Imminent
Bill is being analyzed in accordance with impact on state budget.
Swiss Government Creates Blockchain Taskforce
Group to be led by finance, economic and education ministers.
Arconic to Freeze US DB Plans in April
Freeze to affect 7,900 US employees.
UK Companies Reduce Pension Deficit by £8 Billion
Mercer expects 2018 to be ‘biggest year ever’ for pension risk transfer.
IBM, Comcast Sponsor Blockchain Startup Fund
Fund to also connect startups with Fortune 500 clients.
Decennial Commission Seeks to Aid NH Pension Funding Issues
Main objective is to reinstate contribution subsidy.
Kentucky Mayor Pushes for State Luxury Tax to Aid Pension Problems
Officials hope reform is adopted before next fiscal year begins.
UK’s USS Reaches $2.95 Billion Settlement with Petrobras
Universities pension fund reaches partial settlement of class-action suit.
Episcopal Pension Invests in Socially Responsible Fund
Church Pension Fund contributes to $75 million clean technology fund.
Mercer: Funded Status of S&P 1500 Pensions Hits 84% in 2017
Discount rates decreased by 3.56%.
Not All Smart Beta Is Created Equal
With $1 trillion going into Smart Beta at the end of 2017, it’s important for allocators to look under the hood to avoid being disappointed.