Exclusive: Eliopoulos Discusses Details of CalPERS SoftBank-Styled Plan for PE and VC
Critics express fiduciary concerns.
News
Newsmakers
Crypto Exchange Coinbase Expands into Institutional Market
The platform will offer digital asset storage, research, and trading.
High Court Ruling Fails to Settle Overpayment Recovery Issue
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
US Public Pensions’ Funded Status Falls to 71.4% in Q1
Milliman reports a 1.7% drop in the funded ratio of US DB plans from the end of 2017.
Exclusive: CalPERS to Announce Direct Investment Program
‘CalPERS Direct’ would help largest US fund to bypass high fees.
Asset Management Culture
Appaloosa Founder Tepper Buys the Carolina Panthers
In the largest NFL deal to date, hedge fund wiz will keep the team, general manager, and coach in Charlotte.
Newsmakers
Greece’s Latest Round of Pension Cuts Are Revealed, so Top Judge Quits
After news leak, jurist skeptical of reductions retires early in protest.
Corporate Moves
Boston Private Wealth Names New CIO
Shannon Saccocia is promoted to role after serving as chief investment strategist.
League Urges CalPERS to Find Ways to Exceed 7% Return Projections
Spokesman said cities will not be able to pay monthly contributions if returns are that low.
Newsmakers
Hawaii ERS Strengthens ESG Goals by Joining UN-Backed Commission
Fund expected to boost impact allocations over the long term.
Risk
China to Allow First Joint Venture Insurance-Asset Management Company
ICBC Ansheng Asset Management approval follows proposal to expedite opening of insurance industry.
UK Pension Funding Level Rises 2% in April to 95.1%
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
Upon CIO’s Departure, CalPERS Has some Big Shoes to Fill
Eliopoulos' leave comes at a crucial time for the mega pension fund.
Risk
Church Commissioners Slides in 2017, but Still Returns Strong Results
Church pension prepares for lower future returns, more volatility, and higher interest rates.
Regulation
Chattanooga’s Fire and Police Pension Fund Sues Wells Fargo
Tennessee fund accuses trustee of committing ‘systemic nondisclosures.’