Pensions
CPP Investments Consolidates Wind Energy Investments
UK-based Reventus Power will consolidate the on and offshore investments of the pension fund.
News
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.
Corporate Moves
NYC Pensions Reach Climate Disclosure Deal With JPMorgan Chase, Citigroup, RBC
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
Research
How Private Equity Damages Health Care, Jobs, Pensions, Report Contends
Study ranks states on what it sees as the harm from PE-run companies. Worst one: New Mexico.
Alternatives
Asset Owners Continue Pouring Money into Alternatives in 2023, Up 19%
They keep private equity and venture capital as their top category by size, even though these two alts are lagging on investment returns, per a study.
Regulation
Scope 3 Disclosure Might be Required for Companies With Climate Goals
Attorneys warn of additional compliance needs in testimony to the House Financial Services Committee.
Opinion
3 Investing Considerations for Endowments and Foundations for 2024
A Fidelity Investments portfolio manager provides a playbook for those with aggressive investment objectives to help avoid downside this year.
Regulation
SEC Staff Clarifies Climate Disclosure Sticking Points
Two SEC staff addressed issues of materiality emissions in a webinar hosted by Ceres.
Regulation
Central States Reaches Agreement to Repay $127M Overpayment
The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.
Newsmakers
Caltech CIO Scott Richland to Step Down in December
The investment chief was at the helm of the university's investment office for 14 years.
Alternatives
GPIF, APG Launch Infrastructure Joint Investment Partnership
The funds plan to invest in developed markets.
Risk
Private Capital Fundraising Tilts Toward the Big Guys
Slowdown in number of firms pulling in fresh money means more for the top 10 funds, Preqin says.
Manager Selection
Japan’s GPIF Equity Managers Rate Microsoft, Enel Tops for Climate Risk Disclosure
The software giant and Italian utilities firm received rave reviews for their TCFD disclosures and net zero commitments.
Corporate Moves
Cerity Partners Merges with Agility in OCIO Push
After the deal closes, Agility will be called Cerity Partners OCIO