Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
News
Asset Allocation
WTW to Launch £450 million Private Equity Long Term Asset Fund
The fund will receive commitments from WTW’s LifeSight defined contribution pension master trust but requires approval from the UK's Financial Conduct Authority.
Opinion
Geopolitics Operates with Long and Variable Lags
Global financial markets are waking up to the high odds of further supply shocks and trade wars, writes the chief geopolitical strategist from BCA Research.
Asset Allocation
Long-Lagging Venture Capital Shows Signs of Possible Turnaround
U.S. venture fund returns remain negative, but valuations are up and two recent high-profile VC-supported IPOs did well, a PitchBook report finds.
Regulation
Supreme Court Rules Investors Cannot Sue for Omissions in Disclosures
The ruling still permits the SEC to take enforcement actions.
Regulation
PBGC Issues SFA Grants to Two Multiemployer Plans
The two plans were in the transport and food service industries.
Alternatives
NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Alternatives
Shareholder Funding Dries Up for Thames Water; Regulator Blamed
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Regulation
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
Pensions
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
Asset Allocation
What Do Allocators Like in Choosing Hedge Funds?
A thumbs-up for long-short and market neutral, and down for ESG and crypto, says Agecroft Partners.
Alternatives
Insurers Flock into Private Debt, Alternatives, Mercer Says
73% of insurers have or plan to make private markets investments in 2024.
Pensions
CPP Investments Consolidates Wind Energy Investments
UK-based Reventus Power will consolidate the on and offshore investments of the pension fund.
Asset Allocation
Tech Stocks Fuel Chicago Police Pension’s 11.8% Return in 2023
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
Regulation
IRS Proposes Regulations to Codify Stock Buyback Tax
Stock buybacks valued at under $1 million would not be subject to the tax.