Pensions
NCPERS to Host Chief Officers Summit in June
The summit will bring together public pension CEOs and CIOs in Nashville.
News
Regulation
After Receiving Extra $127M, Central States Working on Repayment Plan
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.
Corporate Moves
Xponance Alts Unit Acquires Minority Stake in Copia Group
Woman-owned firm aims to invest in diverse investment companies.
Asset Allocation
NYC Pension Funds Seek Board Demographics From NextEra Energy, GameStop
Shareholder proposals filed by three funds contend that board diversity improves decisionmaking, transparency and accountability.
Pensions
2nd Suit Filed Against AT&T’s 2023 PRT Deal
Selection of insurer Athene is again the focus in litigation over the telecom company's $8.05 billion pension risk transfer.
Risk
Fed Aims to Start Slowing Its Bond Reduction Drive ‘Fairly Soon’
Shrinking the central bank’s balance sheet has been ongoing for two years.
Regulation
House Republicans Propose 13 Bills to Reform SEC
The legislation would require more economic analysis and longer comment periods.
Regulation
Private Funds Trade Groups Challenge New SEC Dealer Rule
The rule, finalized in February, would require private funds trading large blocks of government securities to register as dealers.
Research
Water-Related Risks and Challenges
From the WRI Aqueduct 4.0 review of updated decision-relevant global water risk indicators.
Asset Allocation
Truce Over: Texas School Fund to Ax $8.5B in BlackRock Investments
Despite seeming goodwill blooming with GOP officials in Texas, the asset management firm still draws ire due to ESG considerations.
Pensions
Japan’s GPIF Explores Incorporating Cryptocurrency Into Its Portfolio
The fund issued a request for information on incorporating digital assets, as well as gold, timber and other alternatives, into pension portfolios.
Pensions
CalPERS Approves New Private Assets Allocation in Private Equity Push
The pension fund will increase private market assets to 40% of its portfolio, up from 33%, reducing equities and fixed income.
Asset Allocation
Private Capital Payouts Are Sub-Par, Hamilton Lane Charges
These alternative asset funds reduce distributions to investors amid high rates and recession jitters.
Newsmakers
NYC Comptroller Says Apple’s Workers’ Rights Assessment Lacks Credibility.
Brad Lander said a report by law firm Jenner & Block lacks rigor, expertise and worker input.
Regulation
SEC Climate Rule Put on Hold
The U.S. 5th Circuit Court of Appeals delayed implementation of the rule, pending further review.