Michigan Pension Loses Lawsuit Against Unilever Over Ben & Jerry’s Israel Boycott
A federal judge dismissed a case that alleged Unilever misled investors by concealing a board resolution.
A federal judge dismissed a case that alleged Unilever misled investors by concealing a board resolution.
Hazards are already apparent for many institutional investors in infra funds, says French business school EDHEC.
Brad Lander warns that a prolonged work stoppage may harm the ‘long-term stability' of investments held by the city’s pension funds.
Canada’s second-largest pension fund raised its portfolio’s asset value to C$424.2 billion.
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.
Despite the investment loss, net transfers helped raise the Canadian pension giant’s asset value to C$575 billion.
The $72 billion pension fund aims to reduce risk by cutting back its allocations to private markets and absolute return.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.