Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.
The new investment chief is CIO of the Guardians of New Zealand Superannuation and is expected to start in July.
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
The big yield advantage they enjoyed over developed countries’ debt issues has narrowed, but EM paper retains other pluses.