Newsmakers
Robert “Vince” Smith Joins Innovation Awards Board
Award nominations close in less than three weeks.
News
Newsmakers
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
Even the Most Fiscally Fit States Have Pension Problems
Report ranks Florida, North Dakota, South Dakota, Utah, and Wyoming as the top five states by fiscal condition, but long-term challenges loom.
Research
Most Irish Workers Don’t Have Access to Work Pensions
And nearly a quarter of people with access to work pensions don’t use them.
CIO’s Transition Manager Survey Open
Our annual online questionnaire seeks to find the year’s most outstanding transition managers.
Preqin: Emerging Market Private Equity Assets Boom to Cross $500 Billion Mark
One-fifth of global investors intend to increase their allocation to private equity in emerging markets in 2017.
CalPERS Posts Preliminary Gains of 11.2% for 2016-2017 Fiscal Year
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
JP Morgan’s Dimon Criticizes US Policies During Earnings Call
The Chase CEO says he is “almost embarrassed” to be a US citizen.
H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.
CalPERS Seeking Global Equity, Private Equity “Transition” Managers
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.
Newsmakers
New Michigan Plan Looms as Gov. Snyder Signs Senate Bill 401
The new law will shift current retirement plans to a new DC hybrid.
BDO: Top ’17 Retail Risks are Economic Conditions, Regulations, Security
78% of retailers see risks associated with regulations tied to data privacy and security.
Jerry Albright to Replace Britt Harris as TRS CIO
Board elevates interim appointee to full-time position.
Newsmakers
UK Supreme Court Upholds Pension Benefits for Same-Sex Couples
High Court says it is discriminatory to treat same-sex partners less favorably than an opposite-sex spouse.
FCA Swings to Loss, Penalties Plunge 79%
UK regulator reports £8.6 million loss, penalties drop to £181 million from £879.5 million.