Harris to Receive $2 Million in First Year as UTIMCO CEO
Other benefits include golf membership, termination clause.
News
Risk
Chicago Public Schools Borrows $275 Million for Teachers’ Pension, Seeks Additional $112 Million
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
Regulation
Trump Seeks to Fill National Labor Relations Board Vacancies
If the two rumored candidates are confirmed, the board will see its first Republican majority since the Bush administration.
Asset Allocation
3 Ps Critical to Investing in Aftermath of US Withdrawal from Paris Agreement
Cambridge Associates and IEN outline why purpose, priorities, and principles are rules of thumb for ESG investing.
Corporate Moves
Clara Miller Appointed to Heron’s President Emerita
The philanthropy foundation’s director, president to step down in order to aid its leadership transition.
Asset Allocation
Swedish Pension Fund Shuns Firms That Violate Paris Accord
But despite divestment, fund still owns hundreds of millions of dollars in fossil fuel stocks.
Newsmakers
UK Pension Safety Net to Expand to £32 billion
Pension Protection Fund raises its asset, membership projections for the next three years.
Corporate Moves
Equip, Rio Tinto Staff Superannuation Fund Reveal Merger
New Board and CEO announced, with company to retain Equip name.
CEO of Halifax Regional Municipality Pension Plan Resigns
Terri Troy will leave the firm in October.
Asset Allocation
Office Oversupply Looms, But Global Economies Look Solid, Commercial Real Estate Economist Says
China, some US cities could face glut due to aggressive development.
Amazon’s Whole Foods Purchase Sends Worldwide Retail Stock Shock
Acquisition shows value of brink-and-mortar establishments for food purchases, UBS says.
It’s Official: UTIMCO Names Britt Harris as President, CEO, CIO
After 10 years with TRS, the legendary CIO will officially move on to head UTIMCO.
Panelists: Evergreen Funds Seeing Resurgence
SuperReturn East speakers say funds more popular with investors as they increase allocations to private credit.
Corporate Moves
Britt Harris Jumps Ship to UTIMCO, Pending Board Vote
TRS veteran to replace seat vacated by Bruce Zimmerman last fall.
Rutgers Conference: US Real Estate “Priced to Perfection”
Grocery-anchored and experiential-based retail, creative office space offer good opportunities.