Corporate Moves
CalPERS COIO to Return to Franklin Templeton Investments
Investment director to become interim COIO during replacement search.
News
Newsmakers
PSERS Signs Due Diligence Mandate with IMDDA
Organization to add mergers and acquisitions class next year.
FCA Accuses Four Asset Managers of Breaking Law
Statement of objections initiates regulator’s first enforcement case.
FirstGroup First Private Firm to Consolidate Pensions under LGPS
Move will bring three funds under control of one administrating authority.
New Jersey’s Public Pension Hits Highest Value Since 2015
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
CalPERS to Purchase 80% Stake in Rocky Caney Wind
Deal made through Gulf Pacific Power account.
Regulation
Brazil’s Pension Reform Vote Moves to Dec. 15
Bill will be more difficult to pass if pushed back to 2018, Congress says.
Financial Advisors Found Using False Credentials
Report says firms listed on comparison service sites falsely claim to have advisers with CFP status.
Asset Allocation
LDI Shines Bright
Borrowing to fund plans is trending with liability driven investing.
Newsmakers
Bitcoin Cracks $10K, but the Party Doesn’t Last
Asset could hit $40,000 in 2018, Novogratz says.
Vanguard Sees Market Correction Odds at 70%
Bull market could end in H1 2018, Morgan Stanley strategists say.
Report: Millennials will have Similar Pensions to Current Retirees
Data shows retirement prospects for today’s workers not are ‘not the disaster’ other reports suggest.
Asset Management Culture
In-Depth: Michelle Cunningham and the Evolution of Institutional Investing
CalSTRS retiring deputy CIO recounts significant changes in the investment management industry during her career.
UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
Regulation
More Trials Ahead for North Carolina Pension Fund
Despite fee slashes, fund is not yet out of the water.